Doesn't all this presuppose the population continues to trust the currency to be accepted for anything _other_ than debts to government? You know, like foreign

Doesn't all this presuppose the population continues to trust the currency to be accepted for anything _other_ than debts to government? You know, like foreign interest and imports? I would expect Brazil, Zimbabwe, Venezuela and pre-WWII Germany would all be great examples of the government printing a lot of cash to spend and not having it turn out well.