When you borrow money, you create a bond, right? So you have the money you borrowed (the principle) that you spend into the economy, and yet there's also this

When you borrow money, you create a bond, right? So you have the money you borrowed (the principle) that you spend into the economy, and yet there's also this new bond out there. That bond is an asset. That bond is an increase in the money supply. Borrowing money is the mechanism by which the currency is inflated.