Paper money is a voucher - it is credit "I owe you X weight of silver and promise to pay it on demand" in the case of older U.S. bills. Digital "credit" same so

Paper money is a voucher - it is credit "I owe you X weight of silver and promise to pay it on demand" in the case of older U.S. bills. Digital "credit" same sorta promise or lack of same. So this is really a distinction without a difference. Nobody likes the term "printing money", is all. Way back when I advocated QE (before the term existed, and perhaps the concept, but probably not) I talked about it in terms of printing money.