At the time I naively expected this global government spending to balance out - if all countries roughly spend the same GDP to pay for these Covid-made decisions.
What I didn’t appreciate then, that I do now, is that while some countries fair better post Covid than others relatively, but in a negligible way (ultimately there were no clear winners,) is just how much they would kick off true runaway inflation.
I find it hard to see how this isn’t a state that persists for the next years, perhaps beyond, and ultimately the final straw for ‘controlling’ fiat.