Episode 174: 7 reasons why money printing is bad

Quick tour of 7 negative effects of money printing1) Purchasing power declines, we get poorer2) Focus on the now instead of investing for the future3) Boom-bust cycles4) Picking winners and losers arbitrarily (cantillon)5)Increases inequality6) Finances the government deficits too easily7) Favors industrial policy to be set by government instead of left to the market process