If a random country is in debt, is printing money a good way to pay it off at the expense of the citizens?
For example, lets say you owe an entity $100. If you print an extra $100 bill you pay off your debt, but unbeknownst to the entity the $100 that they lent you is now worth less.
Would the barter system be a good way of combating this?
No, it wont solve out the problem but rather it do worsen up the economic state of that random country.It isnt a valid reason nor does have a sense
just because of the plan on paying up the debt.We have seen the worst when it comes to inflation and no government will tend to go with that option.
We wont surely go back to that barter system and i dont see on how it would be relevant unless if there would be no option left/entire banking system failed totally.
That's not a solution for a wide economic problem in a certain country. Producing more money is not the answer and will not help solve a country in debt. In a sense that, producing more money will lose the value of a price of a certain thing. In other words, it will lose the value of money. If there are a lot of money and all of us have money then, what's the sense of having it and paying other people when they don't need it already? The government should make their own way on how to overcome inflation.