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It's 2022. People still talk about companies "printing money"? I have not used cash in 40 years. Who does today? Money is just fake zeros and ones in computers. No printing needed.
So in 1982 what were you paying for things with?
Debit card. I was paid direct deposit too.
Interesting. I didn't get a debit card until the late 90s. Growing up everything was cash. Or checks to turn into cash. First bank account was probably 98 and I think my first credit card was in 02.
Literally no one thinks that "printing money" is a literal term. But it is a much better analogy of what is going on than the term "expanding the money supply" which implies that everyone's wallet is equally expanded.
They do in fact forge new money from nothing for themselves and spend that money. Initially buying bonds from the government in an egg shell game that creates the illusion that the government is getting that money to spend. Then they sell those bonds and keep that cash, or rather buy up real assets.
They in effect printed money. They did not cause every dollar to turn into 2 dollars.
So "printing money" is the most accurate way to describe what is happening.
It's not accurate if it is wrong.
It is not wrong. It is semantics.
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