If the U.S. government decided to pay off the national debt by creating money, what would be the most likely effect?

Question

Quizplus · Accepted Answer

Creating money to pay off the national debt would lead to an excessive increase in the money supply, causing inflation as the value of money decreases. This would likely result in higher prices for goods and services, a decrease in the value of savings, and potentially destabilize the economy.

If the US Government Decided to Pay Off the National Debt by Debt