I'm just gonna come right out and say this and I am neither shy nor embarrassed to say it because I'm sick and tired of hearing all these fictional stories about money printing creating inflation.
The action of printing money--yes, that's right, the government literally sending out checks to people--will not and cannot create inflation in a modern, competitve, global economy. No way. No how.
In addition, it makes us wealthier.
Money to people equates to higher incomes and savings, which are then spent or invested creating higher demand and productive capacity, leading to an increase in the overall supply of goods and services, and that constitutes real wealth. In addition, the greater supply keeps prices in check.
The action of printing and spending triggers a market signal and an opportunity that the private sector (entrepreneurs and businesses) will eagerly respond to.
Only when all the resources and labor of the entire world have been engaged to the limit can inflation even be considered a possibility and that can never happen.
On the contrary, an economy that is broken, corrupt or in the grip of monopolistic forces or authorities that prohibit, usurp or otherwise deny access to labor and resources (globally), will experience inflation when it prints money.
Those who scream about money printing and inflation need to explain why they believe money printing will result in the total consumption of all available resources and real assets without any concomitant increase in output whatsoever. This is an incredibly far-fetched view.
Now go stick that in your pipe and smoke it.
