Let's start with the analysis of the national conditions of the two countries.

First of all, there is no serious inflation in the United States for the following reasons:

After 1.9 1 1, the United States has been adopting a low-interest policy to boost the domestic economy. Therefore, its domestic interest rate is very low, which leads to any funds fleeing from the United States to obtain higher profits abroad. Assuming that the interest rate of funds in the United States is 1% and that in China is 2%, if nothing else, as long as these funds are deposited in the Bank of China, they can generate profits of 1 times. So take the quantitative easing monetary policy of the United States as an example. With so much money, not so much will stay in the United States, and a considerable part will be transferred abroad, such as China.

2. China can't catch up with the developed financial market in the United States for a long time, and its dazzling innovations in financial products can't be compared with other countries in the world. Therefore, there is a good way out for American spare money, that is, there are many investment channels. Here we should distinguish two concepts, one is excess liquidity and the other is inflation. Issuing more money does not directly lead to inflation, but directly leads to excess liquidity, which will increase the pressure of inflation. When the investment channels are insufficient or the consumption power is insufficient, that is, when the money cannot be spent, the excess liquidity will lead to inflation. However, due to many investment channels, the inflationary pressure brought by excess liquidity in the United States will be less than that in China.

Let's talk about China. Once China increases its currency, it will easily lead to inflation.

1. In Sino-US trade, China has been in a trade surplus for a long time, so China's products have been exchanged for US dollars. However, since the 1997 Asian financial crisis, China has adopted a stricter foreign exchange settlement and sale system in order to resist the risk of malicious impact of international hot money. That is, the dollars earned by export enterprises must be exchanged for the central bank, so that the central bank has limited space to sell domestic government bonds while increasing foreign exchange reserves. Therefore, it is necessary to increase the central bank debt to balance the income and expenditure. The solution is to issue RMB or central bank bills. There are many restrictions on the issuance of central bank bills, so in general, it is still increasing the issuance of RMB. Therefore, it is also helpless to issue more money under the long-term trade surplus. China's liquidity has been "quite surplus", that is, there is already considerable inflationary pressure, and it will be an inevitable result to issue more money on this basis.

2. China's financial market is very imperfect, small and medium-sized enterprises have difficulty in lending, and financial innovation is quite limited in China, with few investment channels. Ordinary people are nothing more than stocks, real estate and so on. Funds have only developed slowly in recent years, but the development is also very irregular and the varieties of futures market are limited. In this way, the money in the hands of ordinary people will not go out, and once there is excess liquidity, inflation will occur.

3. Still because of the trade surplus, according to the trade theory, the international community is generally optimistic about RMB, and international hot money has entered, further increasing the already excess liquidity.

The most fundamental way to solve the above problems is to "adjust the structure" as mentioned in the Daily News, that is, to turn China's export-oriented economy into an economy supported by domestic demand. But the task of doing so is very heavy. The most prominent problem is income distribution. According to the definition of money in western economics, its marginal utility is unchanged. However, in the theory of welfare economics, it is generally acknowledged that when social distribution is fairer, it will enhance the purchasing power of the whole society, support domestic industries more, and thus reduce external dependence. But adjusting income distribution is one of the most difficult tasks. Many pet dogs bite just to protect their food, and so do people. Personal cakes can't be moved easily. If we don't hurry, we will riot and cause greater social losses. There is also the problem of technological innovation. Only scientific and technological innovation can change a country's endowment. According to the standard international trade theory, the change of endowment will change a country's trade type from inter-industry trade to intra-industry trade, thus better improving national income and enabling citizens to support domestic industries. The development paths of Japan and South Korea are examples. To do this, we need to do a good job in education and retain talents. In short, there are many problems that cannot be solved in a short time.

So it's not that the government can't help people, but that people with ability need time.