What are they doing?

Thanks to the European Central Bank saying she is willing to execute further monetary easing policy, the global economy seems temporarily recovered from its short-term stagnancy today. I have to thank Mr Draghi, the president of ECB, for doing that because the flourishing economy will benefit me, and he is willing to make it happen.

But what are they doing? They want to make an economy where everyone is happy and has money. That is great, but the problem is, is that sustainable? If it cannot continue forever, we will face a massive depression at some point.

The answer depends on two factors. One is whether or not the resources on the earth can make a tremendous amount of people rich at the same time. The other is whether or not technology can make it possible.

Also, an economic collapse or a stock market crash usually happens when inefficient people start having money that they can not properly use. That occurs when the economy becomes too rich or when debts prevail in the economy. Well, the latter is happening in the current economy right now. What is worse, the Central banks are willing to promote the economy to be that way.

In conclusion, I support Draghi's policy because otherwise, the economy would freeze, and the decision would be the ultimate conclusion he has made after a tremendous amount of careful consideration with a lot of capable brains around him.