“Spend as much as you can and then spend a little bit more” - IMF Managing Director

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“Spend as much as you can and then spend a little bit more,” was the message given last night by the International Monetary Fund’s Managing Director, Kristalina Georgieva, at Russia’s annual Gaidar economic forum.
One of the central topics at the forum, as with everywhere else, was the effects of the pandemic on economies worldwide. Georgieva praised Russia for its COVID-19 response, chalking the country’s quick recovery up to quantitative easing measures by its central bank, and to the $54.3 billion stimulus package from the Kremlin.
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This is an institution that is supposed to reduce poverty rate, fight unemployment, promote sustainable economy and having its managing director going on with the idea of spending more is shocking.
Spending more means print more, print more devalues fiat and the consequence of that is inflation. These actions are clearly not in the interest of the masses.

I wonder how long it will take for government to realized printing more fiat isn't the solution.
While attention is focused on printing more fiat, crypto enthusiasts like myself are only focused on stacking up on cryptos!

We owe it to ourselves to make Hive great

Image by @doze