The US government is the main cause of high inflation. The Federal Reserve launched a fresh effort on Wednesday to support the struggling U.S. economy, committing to buy $600 billion in government bonds despite concerns the programme could do more harm than good. Although this may help United States recover from the economic recession, it will result high risk of global economy. Actually, the US dollar is push other countries’ inflation by reducing their debt which hold by other countries. Increasing the amount of currency without increasing the value it represents just makes the currency worth less than when you started. So printing more dollars might help you pay a debt that was incurred in “old dollars,” but everyone would get hurt. People holding debt would lose because they’d get paid in worthless currency. Consumers would have to go shopping with a suitcase instead of a wallet by the resulted high inflation.
