There is a more complicated relationship going on than central government printing money: https://www.investopedia.com/ask/answers/082515/who-decides-when-prin

There is a more complicated relationship going on than central government printing money: https://www.investopedia.com/ask/answers/082515/who-decides-when-print-money-us.asp https://www.investopedia.com/ask/answers/082515/who-decides-... The myth that the central bank prints money became prevalent following the Great Recession, when many were concerned about the unconventional policies of the central bank, which included intervention in the commercial paper market, mortgages and outright purchases of debt to keep the system from collapsing. By the end of the recession, the Federal Reserve had expanded its balance sheet by nearly $4 trillion.