This is actually true though. Basically every country has done it.
If printing money results in enough value created, there is no inflation.
Of course, you have to create a lot of value per money printed, which no country has achieved. And that’s where taxes come in and fill the gap.
Many of the “economic miracles” involved printing a lot of money. But since their value output increased so fast, (and again, taxes) they experienced little inflation.
It is theoretically possible to print money without taxes and not have inflation. That would be more than a miracle though. If you get even more efficient with money, even deflation would happen.
It’s the same reasoning behind debt. Debt is “bad” because you have to pay more than what you were paid. But if you are smart with that money and create more money from it, you can pay back the debt (including interests) and get some extra money for yourself.
This is actually true though. Basically every country has done it.
If printing money results in enough value created, there is no inflation.
Of course, you have to create a lot of value per money printed, which no country has achieved. And that’s where taxes come in and fill the gap.
Many of the “economic miracles” involved printing a lot of money. But since their value output increased so fast, (and again, taxes) they experienced little inflation.
It is theoretically possible to print money without taxes and not have inflation. That would be more than a miracle though. If you get even more efficient with money, even deflation would happen.
It’s the same reasoning behind debt. Debt is “bad” because you have to pay more than what you were paid. But if you are smart with that money and create more money from it, you can pay back the debt (including interests) and get some extra money for yourself.