If everybody has access to the pool of fake money: you get inflation.
If only a handful of fools do, you will get economic devastation sooner or later, because you remove the feedbacks of capitalism and hand the reins to monkeys that just happen to have access to the money printer.
If only a handful of fools do, you will get economic devastation sooner or later, because you remove the feedbacks of capitalism and hand the reins to monkeys that just happen to have access to the money printer.