I can assure you the printed money is not paying for any social benefits—that is 100% taxes.
If the government were so benevolent as to print money to pay for kids' education, the country would be far better off. Teachers would not be making paltry wages and paying for classroom supplies out of pocket. And bitcoin would not exist. Bitcoin was created by someone who didn't approve of what the old farts did with the money they print, and wanted to give power back to everyone (citizens of the world).
"If the government were .. to print money to pay for kids' education"
Let me cut your hypothetical right there to simplify and ignore the rest. It does, government prints money to pay, among other things for education.
Even in ordinary money creation, yes the government borrows money, but it borrows it to fund state expenses like schools. They are paying interest which they just printed to fund these operations.
Then exceptionally, (if they are ever insolvent or need money), they directly create money. 2008 crisis, 2021 covid crisis, wars.
I don't understand how you simultaneously believe that the government prints money, but doesn't fund government expenses with printed money. Do they just print money to devalue savings and spite you?
> A central bank enacts quantitative easing by purchasing, regardless of interest rates, a predetermined quantity of bonds or other financial assets on financial markets from private financial institutions.[12][13] This action increases the excess reserves that banks hold. The goal of this policy is to ease financial conditions, increase market liquidity, and encourage private bank lending.
--
> I don't understand how you simultaneously believe that the government prints money, but doesn't fund government expenses with printed money. Do they just print money to devalue savings and spite you?
"The government" is not a monolithic entity. Money printing is monetary policy. Taxes and social services are fiscal policy. I think you are mixing those two things up.
The arm of the government that prints money is not doing it to spite the citizens (Hanlon's razor). They're doing to maximize employment, stabilize prices, and moderate long-term interest rates[1]. Funding schools is not part of those goals. That happens elsewhere in government, far away from the money printers.
If the government were so benevolent as to print money to pay for kids' education, the country would be far better off. Teachers would not be making paltry wages and paying for classroom supplies out of pocket. And bitcoin would not exist. Bitcoin was created by someone who didn't approve of what the old farts did with the money they print, and wanted to give power back to everyone (citizens of the world).
Don't overthink the simple.