If they print money to build new roads, bridges, (clean) power plants, schools -> good.
If they print money to put in stocks and real estate -> bad.
The one thing creates real value and enables more real value creation in the future.
The other one has no effect on the real economy and wages.
Driving real estate prices is even bad: at some point, no real economic strategy (aka. business model) is able to sustain the needed profits to pay for it, and no company can be profitable enough to justify the high stock prices. It therefore literally becomes to expensive to do business, because nobody can match the returns of the central bank buying up your garbage!
If they print money to put in stocks and real estate -> bad.
The one thing creates real value and enables more real value creation in the future.
The other one has no effect on the real economy and wages.
Driving real estate prices is even bad: at some point, no real economic strategy (aka. business model) is able to sustain the needed profits to pay for it, and no company can be profitable enough to justify the high stock prices. It therefore literally becomes to expensive to do business, because nobody can match the returns of the central bank buying up your garbage!