This might be the start of how they steal boomers' retirement savings. Outright theft would provoke a few old-timers to start shooting congresscritters, and that just won't do. So instead, they just hyperinflate the currency while holding interest rates low.
Give everybody a million dollars, and a million dollars won't buy that much anymore but the people with no savings don't care. In fact, the people with high debt loads make out like bandits. You're too old to work, but you've scrimped and saved your whole life and have almost $1000000 saved up and that's supposed to last you? Sucks to be you.