Comment Re:sure, works for France (Score 1) 296
Expanding fiat currency leads to economic reduction, stagnation and often collapse, history is on my side, you don't have anything on yours. 1971 - the year of default on the US dollar was the beginning of the end of USA economy, since then the productivity has been shrinking, deficits and debts growing, government growing and individual freedoms shrinking at an increasing rate.
That's one example, obviously there are thousands, including USSR, Weimar Republic and at least 30 examples of countries destroying their currency that way in only the last 100 years.
As to whether any amount of inflation of fiat currency is bad, yes, theft and thus misallocation of resources from those who produce to those who do not produce in the free market (not enough to be compensated for it by more than what the stolen or inflated currency allowed) is not good by any stretch of imagination, unless you have your head stuck all the way up into your ass.