Is it within a countries right to print money without any tangible value behind it if that money is parf of the world economy? For example, the US dollar used to based off the Gold Standard, then the Oil Standard - limiting funds to a real world, tangible goods. Now it's based off of notes if I'm not mistaken, which is essentially interest off the American dollar. But I'm loosing focus; I constantly read about countries needing to deflate their market, so they print several million/billion (or in Japans case, trillions) of dollars and inject the cash into the systems banks. Where does this money come from? How is it worth anything when countries can print as much as they want and it's value isn't based on anything tangible? The more I've been thinking about it and the light internet research I've done lead me to believe there is more printed money in this world than there is hard economic goods or labor/interest.
"The true value of a human being is determined primarily by the measure and the sense in which he has attained liberation from the self." -Albert Einsetin