How about you read a little history? Benjamin Franklin’s autobiography for example. He has shown that not too much, and not too little of money can spur great growth in a community by printing money in Philadelphia. And he was a strong advocate for paper currency; this paper currency was not redeemable for any coin. It was however able to be used to pay taxes. Granted, Philadelphia was one of the few successful communities to have done so; the circumstances respecting its success I do not recall.
https://founders.archives.gov/documents/Franklin/01-01-02-0041
How about you read a little history? Benjamin Franklin’s autobiography for example. He has shown that not too much, and not too little of money can spur great growth in a community by printing money in Philadelphia. And he was a strong advocate for paper currency; this paper currency was not redeemable for any coin. It was however able to be used to pay taxes. Granted, Philadelphia was one of the few successful communities to have done so; the circumstances respecting its success I do not recall. https://founders.archives.gov/documents/Franklin/01-01-02-0041