EU on the way to inflate the market ever more

https://www.bloomberg.com/news/articles/2020-07-21/eu-leaders-reach-deal-on-750-billion-euro-virus-recovery-fund

“We are 27 around the table and we managed together to produce a budget,” Macron said at a press conference alongside Merkel. “In which other political sphere in the world is that possible, is that done? None.”

Is he serious? That is possible in any political sphere when 27 people can vote for increasing the money supply and thereby delaying any meaningful correction / katharsis of the markets. It‘s basically a bribe to their main customers / electorate („baby boomer“ generation). And, it’s not paid for by these 27 politicians. They have no skin in the game.

I doubt that this massive amount of money will flow into the economy creating innovation and jobs. I‘d rather expect this money to flow into assets (real estate and stocks) exacerbating the asset bubble further enriching asset holders (already rather rich people). This could widen the gap between rich and poor, further increasing the political and social tensions and adding fuel to the fire 🔥 of the Yellow Vest Movement, Black Lives Matter, etc.

This is not a judgement, just a description of what I see.