1. Given a non-zero velocity, all new money introduced into an economy dilutes the value of existing money.
2. Given the theoretical possibility of price stability at any given quantity of money, the sum purchasing power of all money in existence does not thereby diminish.
3. This means that those who create money take value–purchasing power–from those who previously had it.
4. Money has no inherent economic value.
Conclusion: the process of creating money is parasitical.