But scheme troubled me; I was brought up to be honest, except with Authority. Prof claimed that what was taking place was a mild inflation offset by fact that we plowed money back in—but I should remember that Mike had records and all could be restored after Revolution, with ease since we would no longer be bled in much larger amounts by Authority.
Whoever is in charge of the money printer (monetary inflation, AKA "counterfeiting" when done by an individual, but "quantitative easing" when done by a central bank) has immense power. This power can only be used for evil, as you cannot morally justify something as "good" simply because you claim it's "for the good of The People". Someone always gets fk-ed while the other gets richer. Non-consensual wealth redistribution is stealing. Period.
But an argument could be made that stealing is a moral imperative if the entire nations' literal survival depends on it.