[Errant]

Great points and thanks for your post. Even if the US printed its currency interest free, what's to stop the government from continuing to overspend to infinity?

And, why the need to tax the populace if a government could simply print the money it deems necessary to fund its activities?

[veracious]

what's to stop the government from continuing to overspend to infinity? There is no fiscal mechanism to keep the gov from overspending. The available tools are: law, lawful and righteous lawmakers along and the will of the people.

And, why the need to tax the populace if a government could simply print the money it deems necessary to fund its activities? Creating money out-thin-air must be balanced against the actual wealth which needs to be represented by the money, or the money is debauched. Some would say taxes help offset gov over-creating (right) or over-borrowing (wrong) money.