I imagine why govt need to print money in the time of Web 3.0 internet revolution where as blockchain digital platform adoption can solve the problem and make it clean financial economy where no need to worry about forged cash bills and wastage of billion papers for printing.
Why not simply use Hive blockchain or create their own and make it more eco friendly financial system .in this way we atleast save trees and fight global warming too.
Inflation will be nothing like a major issue and system will work so smoothly like how the Hive blockchain successfully running blockchain where finance, communication, game, art and culture are significantly running from many years and interesting part is that Hive is also inflationary crypto but still its growth and success is achieving new milestone every year.
THe problem with government tokens is, they need usage to be valuable - will people trust them after all that has happened? Many will unfortunately. I would far rather have the majority of tokens decentralized completely and valued by use case and community.