The value of money depends on the underlying asset used to create this money.
Money is not created out of thin air.
The value of money depends on the underlying asset used to create this money.
Money is not created out of thin air.
>The value of money depends on the underlying asset
Printing more dollars does not create more 'underlying assets.' Therefore it doesn't make sense to claim there will be no effect on value of money if more money is chasing the underlying assets. It's quite possible the value of the dollar decreases.
Using your own definition, which itself is debatable, it is guaranteed the value of money will decrease if you only change the supply of money and nothing else.
I want to see the kind of mental gymnastics that people have to do fit in the false idea that government creates money out of thin air
And you clearly have no clue what the gold standard was.