That's exactly what it is when the printer turns on. Currency is information, records of good done in essence. They the "money" printers create ex-nihilo new records that say "I'm valuable by {X} amount", and that value isn't created but borrowed by those who do create value via the other fungible records with no consent nor compensation. "Borrowing" without consent is theft. That stolen value is used, and the new number of records dilutes the pre-existing ones, then damaging the value of those assets in the future. It is actually, mathematically, no different than lowering everyone's accounts by x% and their wages likewise.