money can correspond to any commodity/product.in most societies it correlates to people born.
when a person is born and registered money is created in the form of bonds.
this is released via initiated jobs/welfare/UBI.
the fed buys these bonds or if the gov needs more than it has
new bonds will be created and imaginary bonds are created to represent
future generations. that is the debt, and it is paid via taxation.
once a bond(debt to the owner of the bond or person who created it when the gov registered him
at birth) is paid, poof, the debt is gone.
the more printed the more is taxed, the less your money is worth and the less it is worth
to even go to work. to the extent of ditching the currency for another one.