I believe he is saying this is inflating the fiat money due to new money throw in the economy not being in sync with the local production, causing the Cantillon

I believe he is saying this is inflating the fiat money due to new money throw in the economy not being in sync with the local production, causing the Cantillon effect[1] [1]: https://mises.org/library/money-inflation-and-business-cycles-cantillon-effect-and-economy https://mises.org/library/money-inflation-and-business-cycle...