The book written by "Lawrence Lepard" discusses in detail the effects of printing money. When a country's central bank prints excess money, the effect is to cause inflation. Hyperinflation occurs when a country prints too much currency, as happened in Zimbabwe in 2000 and is currently facing an extreme situation in Venezuela.
When there is excessive inflation in a country, the value of the currency in that country decreases so much that even if you take a sack of money to the market, you cannot buy a kilogram of rice. In this situation, Bitcoin will play an important role in combating hyperinflation.
But somehow, politicians don't care about this. I can't understand it. Is it that they don't care, or they don't know, or they're just out of their depth?
In my country, they print it at will, but somehow keep accusing others of the reason for the currency taking a nose dive.
A person doesn't need a Harvard degree to know that if something is not scarce or if there is too much of a thing, it loses its value, so why do they keep printing money when they know it's hurting the currency and the people using it?