>>82221962
>That's fairly nonsensical. Money printing can't transfer wealth.
Lets say there only $100 in economy and you have them all.
I print another $100.
Your money is supposedly still in your hands... but actually now you have only half of it. In real terms.
And most ridiculous thing its not even a state printing money, state is supposedly allowed to take wealth from citizens without compensation, this is what taxation literally is. Because State is collective enterprise is doing collective good institutions (defense, police roads etc). So supposedly money (with some waste fo course) are used for collective good. Though financing via money printing is much less controllable by society than taxation. Your vote for taxes via proxy you don't vote for central bank regulation. You don't vote for central bank chairman and policies.
But most of the money printing is done by private banks via lending. WTF is shit?