The Party is over now start cut of spendings.
Goverments focus on now how to save money and not to spend because there is money problems everywhere.
Medical and 41k retirement funds also can suffering.
But yes the times of over spending is over gone are the days when for example finland people lived in spain and still get goverment funds.
Everything Will be now squeesed and social and medical cares budget will be lower.
Now you say we can print the money....no we can't just you can use bonds only limited time but sooner or later you need to get economy more productive and more commodities....the russia is out of western markets not good either If russia would keep good relationship with west then no problem print money and export exesessive inflation to russia in rubles but it's over now.
Ukraine is good but compared with russia it's small and not enough goods like oil what we can get from russia.
So now world will go just more angry and dagerous becouse nobody interested that they life level going lower becouse all the extra costs will be lowered.
But now it could be possible time for revolution when a lot people just leave the currency and system they abond.
Now it's not question anymore If ukraine wins....but likely west want to remove Putin to put in russia more western like leader who will serve western countries first.
You raise some really interesting points about the current global economic crisis and how governments should focus on savings spending. Indeed, there is that time when the government gets overspent. This is especially so during the social and medical fields. is soon over But during times of financial crises for many countries, budget cuts and cutbacks in spending seem to be very viable solutions. Simultaneously, governments should concentrate on investments in sectors more likely to create long-run impact, such as innovation, education, and infrastructure.
And then there's printing of money, you said it is not a sound solution. Money printing easily causes inflation to everyone. And makes things worse for everyone. At least without increases in goods and services. The biggest challenge for the government now is balancing this with reducing unnecessary spending. And ensuring that the government continues to invest in growth.
The geopolitical situation with Russia and Ukraine has also added several issues to a number of challenges. especially the loss of natural resources like oil and gas. It would be interesting to consider the possibility of a change in leadership in Russia. As this could truly reshape global economic relations, however, countries now have the task at hand to build resilience within their own economies. distribution of resources and investing in sustainable development to weather the storm ahead.