Given that particular belief has been debunked by ten years of QE, it's not really a consideration is it. All government spending occurs by 'printing money' be

Given that particular belief has been debunked by ten years of QE, it's not really a consideration is it. All government spending occurs by 'printing money' because that's how bank clearing works. Balance sheets expand during the day and then shrink back at settlement time - but often not quite as far as they expanded. That's how a growing economy is accommodated. When money is created, it will always either instantly pay off other loans somewhere or end up entirely in tax, unless somebody along the way doesn't spend it the instant they get it. That's because income, less tax and net loan repayments -> spending -> somebody else's income, less tax and net loan repayments. To notice "printing money", it has to have been saved not spent somewhere along the spending chain. Therefore the real question we need the answer to is why certain people believe saving causes inflation? In reality it is the deflationary drag of excess saving that is offset by 'printing money'. They are two sides of the same accounting journal.