[adrianN]

Value is created out of thin air through work. Sometimes you need to invest before you can do that work. If your money supply doesn't reflect the increase in value that the economy provides through work, then you get deflation.

[jaxtellerSoA]

>Value is created out of thin air through work.

Value != money supply

[BenoitEssiambre]

That is why adrianN said value comes from work (not from money).