Germany did this in the 1920s after World War I ended, and it resulted notoriously in massive hyperinflation as documented in this article: https://www.spurlock.illinois.edu/blog/p/1920s-hyperinflation-in/283. It is not that I disagree with what he is saying here, but any money printed by the government has to be targeted to increase productivity and put people to work. It cannot be used as a means of creating social programs above and beyond what taxes will support, and it certainly cannot be simply handed to people without a requirement for work to earn it, as would be the case with a universal basic income. The reality is that Canada's healthcare system and things like family allowance were funded through taxpayers before the 1970s. I can distinctly remember paying healthcare premiums until sometime in the 1980s or 1990s when they were stopped in Alberta, so it definitely was not funded by the government simply printing money at will before then.