This is the way of all banana republics.

It is a road to ruin, and the people will beg for it, for those that do not know history are doomed to repeat it.

(Bloomberg) — The coronavirus economy is shredding records for government borrowing and for central-bank lending. Soon it may also smash the taboo that’s supposed to keep those two things apart.Governments paying for budget spending with loans from their own central banks is known as monetary financing

Source: The Money Taboo That Central Banks Have Shied Away From So Far