Same thing in UK, and probably most of the West, definitely including US.
Underlying it all is the physics, and the screams of our planet which tell us why the old economy of capitalism is unsustainable.
How we will move to the only sustainable economy of "Energyism", is that stimulus will need to be issued in response to inflation, to keep the roofs over most people's heads. The issue of stimulus will drive down the value of for-profit investments, to the point that even the capital owned by the "Richest" will devalue to near zero, but it will be found that freeely issued money actually retains and even boosts the value of the issued money, as we saw in US when 4Tn per month was issued, oil prices went negative for the first time in history, as well as a number of other surprising good results, because people were voting in those markets with free money, they were not trading for profit because the money was received for free.
All can be explained by the fact that we have never formally issued money on solar product, which includes green hydrogen (which functionally replaces fossil fuels with none of the pollution), and can include proof-of-work currency, and even food (Check out "Solein"), and yet there is massive solar product already in our economy.
By issuing stimulus, we are effectively monetising implicitly received solar product, hence the reason currency issued against it actually goes up in value, each token of money represents a number of solar Joules of energy.
I hope that makes some sense to you, and you can see it is actually really good news, but there might be some resistance to it by bullshit industry which will cease to exist when it becomes accepted.
But it is inevitable, we either do it, or nature ends us as a species.
