Printing money out of thin air leads to inflation, which acts as a hidden tax on the average consumer.
"What I used to say during the pandemic is the most expensive kind of money is free money. And the reason why you want to understand that is because when you don't understand who's paying the price, chances are it's probably you. Because this now is a form of tax. The only difference is this is a hidden tax and the person who pays the price of this hidden tax is the average consumer. Because now this hidden tax is the form of inflation."
