This is the same as the government printing more money to pay its bills. There is no production behind the money, so more money must buy the existing amount of goods, so the price of the goods will rise to meet the total available supply of money. This is called transferring the money from those that earned it to those who want it and have not earned it. Moral people also call this stealing. Governments identify it as inflation, and it is caused by government printing of money and nothing else.
Inflation is made legal by the power of the government, but it remains an immoral act.
Governments who legalize immoral acts, in time, cease to exist, because they do not serve the people. Serving the people is the only justification for the existence of a government. Until now the government has also been lying when it says its policy is to control inflation. Its actions create inflation. For money to grow it must be combined with human labor and intelligent ideas of production of goods.