It is likely that governments will continue to take on debt and create new money, as it is a common tool used to stimulate economic growth and fund government programs. However, the long-term consequences of this approach are uncertain and may lead to inflation and devaluation of fiat currencies. As more people turn to Bitcoin and other cryptocurrencies as a store of value and means of exchange, it may force governments to reevaluate their monetary policies and potentially adopt more sound and sustainable approaches.
Discussion
Governments have no choice but to continue increasing the money supply.
See, the production of fiat currency always bears interest. Every unit is an asset and a liability.
Since every dollar in existence owes interest, there is never enough to pay down the debt. Inflation is a near certainty.
This is the essence of the debt based monetary system.
It’s so insidious, little wonder 99% of people have NFI how money works because you sit anyone down and explain this and it’s immediately obvious what a scam our current system is.