There is no such thing as "printed cash," that's just another word for government debt. Sometimes with the additional meaning that the debt papers where directl

There is no such thing as "printed cash," that's just another word for government debt. Sometimes with the additional meaning that the debt papers where directly sold to the central bank, instead of going through fixed-rate market. This direct selling of paper is the ultimate mark of unsound monetary policy, btw. Watch for it in the months to come.