What happens when you country prints paper money without gold to back it up?

When a country prints paper money without gold or other assets to back it up, it risks inflation, as the increased money supply can lead to a decrease in the currency's value. This can erode purchasing power, causing prices for goods and services to rise. If done excessively, it may lead to hyperinflation, where the currency becomes nearly worthless, damaging the economy and eroding public trust in the monetary system. Ultimately, this can result in economic instability and decreased investment in the country.