Absolutely. Itās why every nation in the world had to revert to the same fraud. If your enemy does it but you donāt, you lose by default.
Interestingly if the gold standard is beginning to fall apart, the pressures and political instability caused by too much debt are building up, major nations have established central banks, and then a war breaks out as the financial pressures begin boiling over⦠itās almost like the only course would be for everyone to print as much as possible, group together to pool resources and attempt to āout networkā the enemy money printer, and fight as long as possible since the winner basically gets to push the entire cost onto the losing side through hyperinflation.
⦠you might call it a World War⦠or something.