Its called Seigniorage. The people and businesses closest to the money creation gain more from the creation of the money. That's because when new money is first

Its called Seigniorage. The people and businesses closest to the money creation gain more from the creation of the money. That's because when new money is first used, prices haven't accounted for it yet. It takes a lot of time for that to happen. So by the time that money has trickled down to the masses, prices have inflated to account. Not only that, but that money is very often used to fuel government debt, which only leads to paying more money later down the line. Debt rises faster than inflation dilutes the money supply, so its simply not true that we can simply print enough money to devalue our debt. The more money we print, the more in debt we'll collectively be.