I don’t understand this argument. Can’t the Chinese buy a LOT of influence, real estate, and US properties with all the dollars? Why is printing money “free”? H

I don’t understand this argument. Can’t the Chinese buy a LOT of influence, real estate, and US properties with all the dollars? Why is printing money “free”? How is this not either hyperinflation on one end or just regular currency value on the other. On one end it hurts the issuing country, on the other it’s mutually beneficial. How does printed-paper for goods fit into that spectrum. I truly can’t wrap my head around this argument: been on the back of my head since I heard I think Peter Thiel say it (iirc.)