In reply to <a href="https://macdailynews.com/2020/04/24/why-is-the-stock-market-rising-even-though-26m-people-are-out-of-work/#comment-2190837">Kent</a>.
Printing cash without writing IOUs, aka Treasury notes/bonds, would increase the Money Supply, and lead to very high inflation.
If you could just print money without the supporting tax revenue or borrowing, a country could easily experience hyperinflation, like Venezuela.
Since none of that has happened, your theory falls flat.
