why not simply pay off govt debts by printing money? This devalues all currency much like FED printing. It confiscates from everyone like IRS.
Why not? Because it would be TOO OBVIOUS that govt is printing money and devaluing yours.
The US is bankrupt and the states are trying to figure out how they can go bankrupt too. The most hilarious thing is that the states can't, without a constituional revision. Ain't gonna happen.