Thank you. What I think people need to understand

Thank you. What I think people need to understand is that money is a receipt for tangible goods and services. Can I just print a receipt out of thin air and bring it to you as a claim for your car? I'd be giving you a receipt with nothing tangible backing it up.

My challenge is how to explain the concept that all receipts will always equal the total real assets. So if the assets stay the same and you double the receipts (quantitative easing) you've merely diluted the receipts cutting their trading value in half. So now it takes 2 receipts to trade for a loaf of bread that used to require only one receipt.

Once the basics of "money is a receipt" is understood then it's simple to move on and understand what happens when someone prints counterfeit receipts.

If the whole society immediately raised all prices (including wages) to match the new volume of receipts there would be no effect on the economy at all. But in reality the guys who get the money first spend it at pre inflation prices then it works it's way downhill until all prices eventually equalize. For a society as big as ours that process can take a year or more. By then it's too late for the carpenter who already sold his labor for one receipt instead of 2. He's working half price and isn't aware of it.