It doesn't do savers, or anyone with a pension any favours, as it suppresses interest rates, reducing possible returns.

I do worry about the long term affects of theses short term fixes. If you increase the money supply, you must devalue the assets of everyone in the country. It's parasitic, rather like short term stock traders. Taking value, while providing little or nothing in return. Do it enough times and the people providing services, or manufacturing cant sustain the drain and everything will come tumbling down.

Isn't that similar to how a Ponzi scheme works?

PS the era I was brought up in, I was told if you could not afford it, it should be left on the Shelve, And if you had to start checking if you could afford it the answer was you could not