How does country debt work if the country prints its own currency (ex USA). Why are people so concerned about it?

Question

How does country debt work if the country prints its own currency (ex USA). Why are people so concerned about it?

In: Economics

Answer 1

Yes, a country COULD print more currency to pay off its debt… but that would weaken the currency by adding more to the money supply and would weaken faith in the government’s ability to manage its economy, etc. Doing just that is why some 3rd world countries experience hyperinflation… rendering all money virtually worthless as they keep printing.