Print away scumbags! There is nothing stopping you. Keynes put a hole in the fiscal dam when he made the simple suggestion that the government could overspend (deficit spend) in bad times to boost the economy but save during good times to even out the cycles. Governments spent more making larger and larger deficits -- anticipating better times. The dam burst when the yuan became a reserve currency and was accepted in the oil trade. You have a communist dictator able to create money. What can go wrong?
Inflation theory was based on dropping in a big chunk of currency would drive up prices (inflation) because it would take time for production of goods and services to catch up. Not today! Lead times are months or weeks -- not years. So print away!
Purchased my home in 2007 when i was making more money at a factory than my parents were at their professional jobs. It was a large, almost-mansion in need of everything imaginable. I could load up my pickup to the top of the bed with lumber and have spent $150. About two years later, into the recession and massive government spending, lost my job because the factory closed. Building materials doubled or tripled in price. Then the Obama years of stagnant growth. Worked two jobs, running on 2-3 hours of sleep each night to make up the cost of inflation. Trump got in and it’s been good but nothing gets rid of the inflation. Now prices are going up again on everything and Beijing Biden will make sure we all pay more taxes. What isn’t there to be worried about with overspending?
The past 12 years inflation has averaged well under 2%... Land is an exception... But they are not making anymore of that... But they can use it more efficiently.