It's all rotting if you're simply consuming and not part of goods & services production. The cash creation resulted in more money chasing less goods & services, and inflation lagged behind but steadily resulted.
Being alive and content is orthogonal to what's rightly predicted - GDP falling off a cliff, with standards of living plummeting and inflation exploding as everyone does more consumption to talk about at dinner parties while even less than ever is being produced.
Being alive and content is orthogonal to what's rightly predicted - GDP falling off a cliff, with standards of living plummeting and inflation exploding as everyone does more consumption to talk about at dinner parties while even less than ever is being produced.