China has gone through decades of strong and stead growth, the natural consequence of having an undeveloped economy with enough natural and human capital to embark on a course of market economy development. Russia has boxed itself in with an over dependence on oil and gas. Like Venezuela this dependence leaves them vulnerable to every change in global supply or demand for their one important commodity. With the extraction revolution here and abroad the global supply has exploded, sanctions have hurt their participation, and emerging green technologies further decrease demand.

An increasing money supply is crucial to service an expanding economy, can't have one without the other. The trick of course is to have enough expansion of that supply without triggering inflation, something the Fed has managed well for decades. Their target rate of 2% annual inflation keeps the economy safely distanced from a deflationary cycle, which is generally deadly for business, workers, and consumers. While the Fed has struggled to kick inflation UP to 2% since the Great Recession, they seem to have shown that the vigorous fiscal support that eventually beat that recession did NOT start a round of inflation, as nearly ALL Cassandras on the right promised it would. For an alternate point of view I suggest that you look into Modern Monetary Theory;)