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|User Info||Greece Will Leave The Euro: Be Prepared; entered at 2012-05-16 14:23:18|
Let's say your salary is 2,000 monthly before Greece exits. Your new salary is D2,000 ("Drachmas"; I don't happen to have a symbol for it handy.) The drachma is then allowed to float against the Euro after being issued at 1:1 conversion and it falls by 40% almost immediately.
You can do exactly the same thing by simply lowering both the salaries and prices of things you make for that amount (40%), without going through the hassle of changing currency.
The difference is that in that process, the government (and its friends) don't get to steal more money; while when printing your currency, the government and its friends get to be the first to get the money.
And in every print/inflation cycle, those who get the money first can use it (exchange for other currencies, or buy something) at nearly the original price, while the nth generation user gets shafted (since by then the value of that money is already destroyed).
Printing money is just another mechanism to steal value from those who still have something, and put it in the pockets of those in power. It does not accomplish anything else.