I disagree and I stand with the super majority of economists who speak on this topic. You assume in your deduction that printing money necessarily deflates its value when it also encourages investment and the production of goods and services that the market may not be quick to respond to, but that may also be vital. The question isn't about printing money one doesn't have, but rather being able to pay the piper once the check clears and so as long as there's not a run on the bank, this is not a problem. It's also about keeping the supply of money just right to prevent too much inflation. Also, the problem, once again, isn't so much the printing of money, rather it's what is done with that money once it's printed. The fact that people such as yourself refuse to acknowledge is simple: printing money can be a good thing because it increases the money supply, lowers interest rates, and stimulates borrowing, thus improving the economy. These are undeniable facts. But again, it's about what that money is used for, not whether or not there is some abstract commodity tied to it. Like I said in my original post, if gold was tied to the US dollar, making gold in a lab would, over time, become more competitive with mining for gold. There are, however, a minority of radical libertarian-minded conspiracy theorists out there who believe what you believe but they refuse to address nuance. Best of luck to you.