Printing money

“Quantitative Easing (QE) often comes up in conversations about fiat currencies, and people describe it as ‘printing money,’ but it is not that simple. QE is a euphemism for an issuing authority (generally a central bank) increasing the amount of fiat money in circulation in order to stimulate a flagging economy. So people worry that this additional money ‘dilutes’ the value of existing money, and this makes people worry about the sustainability of the fiat system. ‘Printing money’ is a poor description for QE. Think about it—if the central bank really ‘printed money’ whether physically or digitally, who would it give it to, and how?”

Excerpt From: Antony Lewis. “The Basics of Bitcoins and Blockchains.”