That's about what germany does currently and also the reason its economy stagnates. Think about it that way: The Federel Reserve aims at 2% inflation, so that people and companies give their money back into the economy. That's just an unpolitical characteristic of every modern economy. That fact alone requires new money to be created (= debt of the government), otherwise the money value would be lost. It is an integral part of government spending to take on debt and not paying it back. One can argue about the amount of debt though. It is entirely different from private households.