z_cress on Nostr: This is an oversimplification, but basically money printing decreases the value of ...
This is an oversimplification, but basically money printing decreases the value of your money because it increases the supply of money. Your $100 can't by the same amount of stuff that it could before.
The government wants to spend money on something, but instead of increasing taxes to pay for it (which the citizenry would presumably know about), they print money. Suppose it's 2% inflation rate. your $100 can now only buy $98 of goods and services. They've taken $2 in buying power from you, without your consent. They've stolen $2 from you. (Had they proposed a 2% tax, you would've been more likely to say no, so they fund projects in this way instead.)
Again, this is an oversimplification. But that's the basic idea.
The government wants to spend money on something, but instead of increasing taxes to pay for it (which the citizenry would presumably know about), they print money. Suppose it's 2% inflation rate. your $100 can now only buy $98 of goods and services. They've taken $2 in buying power from you, without your consent. They've stolen $2 from you. (Had they proposed a 2% tax, you would've been more likely to say no, so they fund projects in this way instead.)
Again, this is an oversimplification. But that's the basic idea.