Another great quote from "The Fiat Standard: The Debt Slavery Alternative to Human Civilization" by Saifedean Ammous -

"The problem with this logic is the same as with all inflationist arguments: money and credit, by themselves, are not productive assets. They merely represent receipts that allow their holders to purchase productive assets. An increase in the supply of money or credit will no more increase the stock of productive assets in an economy than an increase in printed football stadium tickets will increase the capacity of the stadium itself. The ticket is merely a proxy for a seat in the stadium"