Quick tour of 7 negative effects of money printing

1) Purchasing power declines, we get poorer

2) Focus on the now instead of investing for the future

3) Boom-bust cycles

4) Picking winners and losers arbitrarily (cantillon)

5)Increases inequality

6) Finances the government deficits too easily

7) Favors industrial policy to be set by government instead of left to the market process