Central banks of all the countries of the world have passed unlimited relaxation policy throughout the pandemic process and continue to print money continuously. As such, incredible inflation rates and many other economic problems are inevitable. If the central banks continue to print money unlimitedly, I think that huge economic problems are waiting for us, including the coming days, and the people will become poorer and lose their purchasing power day by day. In addition, since the process of recalling these coins, which are put on the market today, will take a long time, this will bring with it other economic problems. I think that unlimited money printing should be stopped and tight economic measures should be taken as soon as possible, I wish the money supply of central banks was limited.
Printing money to cover the state budget could become a boomerang going forward. Apart from the assumption that the corona pandemic is not yet clear and the market's ability to absorb money is unclear. The current condition is that the solution is indeed to cut infrastructure development budgets and other projects to provide a safety net for the people, especially the lower classes who are most affected by the pandemic.
Print money referred to by followers of Modern Monetary Theory is printing money for funding productive projects. Examples of Germany printing money to finance the second world war or China that prints money to fund production. The government must be able to formulate sectors whose demand is relatively stable and can still be increased and can absorb a lot of labor. Because the effects caused by the pandemic caused the government to pour out extraordinary fiscal and monetary stimulus, the printing of money must use a more efficacious combination.
The government must spur an independent industrial sector where capital is in the form of the local currency, the raw material is domestic resources, its workers are also citizens, and zero imported products. If it can be absorbed by the export market, it will greatly help increase the country's foreign exchange, even for the fulfillment of domestic consumption, it is still effective in turning the economy around.
Printing money is not for the trading or service sector, it must be the production sector so that the supporting wing industry can also move apart from that which is different from the trade sector which is fortunately limited, and its increase is limited, the production factor can be 10-30 times the profit and increase.