[atemerev]

Money is just a reflection of production (i.e. scarcity of production). Due to market forces inertia, monetary supply can be manipulated, but you can't just start printing money left and right without causing inflation; there is a hard science of doing it without disturbing market balance.

[dragonwriter]

> Money is just a reflection of production

No, its not.

The value ascribed to money is, of course, related to what it can be used for and how much of it is floating around, and production in the area where the particular form of money is the preferred medium of exchange is one of the factors that is relevant to that. And, perhaps the statement about governments not creating money meant that governments don't create value. Which would still be wrong, but in different ways.

[acqq]

Which honest economist could have told you that there is "a hard science"?

And by the way, western countries mostly don't "print" money to create it, the money creation "invisibly" happens in the financial sector.

[atemerev]

I do work in the financial sector and somewhat aware of it.