Paper money, if it is issued and regulated carefully, is without any disadvantage. All countries issue paper currency, and, in normal times, they do not suffer from it in any manner. Besides, fiscal advantages of printing the paper currency are undoubtedly very great, especially in times of national emergencies like a war. A modern war cannot be prosecuted by taxes or loans alone. All governments have to resort to the printing press.
Only when it is over-issued, it becomes a great danger. It may cause discontent among the masses. When paper money is over-issued, there is inflation and prices rise. It hits hard several important sections of the people like workers and fixed- encomiasts. The people might lose confidence in the currency and it might become useless. Such a situation arose in many countries during and after World War I.
please check the advantages and disadvantages of printing money
the world is in the dilemma of keeping value or sustainability
the world is hard hit by the pandemic and still many consequences are clinging..
how to solve?
may peace be on earth..