"...Paper money is an abstract representation of the real world.
This can be explained by a simple example. If there is $100 in the money supply, and $100 of goods and services to trade, then $1 will be exchanged for $1 of goods and services. If the money supply suddenly increases by $100, then the value of the existing $100 declines by half, as the money supply is now $200 and the supply of goods and services remains unchanged. Thus it now takes $2 to buy what $1 once bought in goods and services.
Holders of the currency have had half the value of their currency (what we call purchasing power) stolen by the central bank that issued the additional $100 in money supply.
Here is the primary point: issuing debt and printing money do not create wealth. All they can create is a temporary illusion of wealth."
I must be in bed with Marx, to post this kind of stuff.
BTW: Read the whole article. It goes on a bit about the "printing of money". Understand that, in modern finance capitalism and central banking, bills are not "printed". Rather they are entered as ledger-sheet assets through the creation of debt.