You might think that operating the banknote printing machines for a few more hours would solve all the economy's problems. In fact, that is how Israel's governments acted until the mid-1980s. Till then the Bank of Israel printed huge quantities of banknotes for all sorts of purposes, some of them highly commendable. The results, however, were disastrous.
The value of the notes at the time eroded rapidly, with catastrophic economic consequences. What led the Bank of Israel to print so many banknotes at that time? Why did it allow such a rapid increase in the money supply and the monetary base? Didn't it know that this would create high inflation that would rapidly erode the purchasing power of the currency?