In an ideal world, new money is created and exchanged for assets at the prevailing market price. There’s no advantage to the seller, who only receives what he or she would receive on the open market.
In the real world, the market price is affected by each transaction, and it is not possible to create new money without advantaging some at the expense of others.
In an ideal world, new money is created by public servants who lack self-interest and are immune to pressures from private market participants.
In the real world, new money is created by human beings, at the urgings of other human beings, with all of their flaws and foibles, their desire to be loved and their longing to make their families proud through wealth.
In an ideal world, everyone knows that the world is ideal.
In the real world, those who know what’s real present it to others as ideal, while hiding and thriving in the widening fissure between the two.