See: Greece and Argentina over the ages, Venezuela, Weimar Republic. It's different for the US than for others due to seignorage (others need the currency) but

See: Greece and Argentina over the ages, Venezuela, Weimar Republic. It's different for the US than for others due to seignorage (others need the currency) but for basically everyone else, it's dangerous. Also for countries that don't need to borrow heavily internationally like China or Japan. For for everyone else it's very scary game. The Canadian government is about to embark on a major spending spree after the biggest spending spree in history, including possibly permanent UBI. Of course without mandate, and from a PM who has absolutely no experience in anything, and a well educated and smart Finance Minister who specializes in History and Journalism - it's very bad.