You can’t reason someone out of a viewpoint they didn’t reason themselves into.
There’s no economic argument to be had with someone that says monetary policy is theft.
There’s no economic argument to be had with someone that says monetary policy is theft.
I'm not making a value statement as to whether this is good or bad, particularly at low levels, but the fact of the matter is that if you pay for debt with money printing your are in practice taking that value from people who hold cash-denominated (ie. cash, debt etc) non-inflation-protected assets.