“Are there any examples of countries who created long term prosperity with excess money printing made necessary due to excessive budget deficits?”
I’ll give you two of the biggest success stories.
1) The British Empire
2) The American Empire
We clear debt and pay our bills. While adding new debt for future prosperity.
Never forget debt keeps people working and productive.
It’s a very old trick.
The Roman Empire debased their coinage.
In the early empire a denarius was 90% silver. Late empire it was barely 5% silver.
There is a canyon size difference between prudent debt and debt accumulated for UNPRODUCTIVE purposes. Buying a house with mortgage is prudent. Buying a Corvette on borrowed money is not prudent debt.