Print away scumbags! There is nothing stopping you. Keynes put a hole in the fiscal dam when he made the simple suggestion that the government could overspend (deficit spend) in bad times to boost the economy but save during good times to even out the cycles. Governments spent more making larger and larger deficits -- anticipating better times. The dam burst when the yuan became a reserve currency and was accepted in the oil trade. You have a communist dictator able to create money. What can go wrong?
Inflation theory was based on dropping in a big chunk of currency would drive up prices (inflation) because it would take time for production of goods and services to catch up. Not today! Lead times are months or weeks -- not years. So print away!
The past 12 years inflation has averaged well under 2%... Land is an exception... But they are not making anymore of that... But they can use it more efficiently.
Don't you understand that gov reported inflation data is a manipulated fairy tail of info? Barry Seotoro, in his infinite wisdom authorized his 'economic experts' to extract both fuel and healthcare costs out the inflation index.
You citing 12 yrs of stable inflationary history exacerbates the 'inflation fraud'.
What you really need to be looking at is the history of the value of the dollar. The value of the dollar has dropped 6% against the value of the Euro since just the beginning of this year. That's just one currency exchange metric. Now, measure China, with its manipulated currency into the mix and you will understand why we are in an economic war with both enemy and ally.