No it can't. The best argument I've heard against it is that it's legally dubious and it would end up in the courts. It would distract from the real issue and still disrupt the economy. It's wishful thinking.
Why not just legalize forgery? Same thing. Even suggesting this suggests somebody is not a serious person.
Related: My game https://fedupgame.com/ allows you to mint trillion-dollar (and more) coins :) (Sorry, not mobile friendly)