Is the idea of money-printing by centralized authority bad? When does it make sense to have a centralized leadership and when doesn't it? And more importantly, if the world was on a bitcoin standard when the pandemic started, what could have been done better? These are some of the questions I want to discuss.
Not always so,,, in fact if you look at most of the world right now, they are not ready for decentralized money. And this is not through their own faults. Education, development, poverty, all are problems to overcome, and having a state take care of their money for them makes a lot of sense for most people.
As you point out simply having Bitcoin standard does not solve problems. What if people needed money and you cannot print cash? You cannot print Bitcoin either, so people will just make "Bitcoin IOUs".