FP is correct in a way, we can print however much we want, to pay for whatever we want. What is never really acknowledged is the impact of a government not demonstrating a semblance of financial control ie cost of borrowing goes up, need to print more to cover interest on government debt, currency gets debased, rich get richer (by owning tangible assets rather than cash), poor get poorer as you get less and less for your £/$. I’ve said before it’s probably the cruelest, least progressive form of underhand taxation
A lot of countries are struggling to avoid a debt spiral where they will be unable to grow sufficiently to service debt interest and maintain debt at a manageable level* ie debt and interest costs keep growing, potentially uncontrollably. I might be wrong but I’m guessing only likely solution will be more QE and currency debasement
*trumps desperately trying to get yields down as US is due to refinance something like $7trn in coming months. Think they’re annual debt costs are already $1trn per annum