If a nation prints more money, like cutting a 16 inch pizza into 16 slices instead of 8, is each slice worth less?

Nations are not ruined by one act of violence

but quite often, gradually, and almost imperceptibly

by the depreciation of their currency through excessive quantity

Nicolas Copernicus

Discovered Earth was not the center of the Universe

If Nathaniel Rothschild accumulated gold
essential for supporting an army upon Napoleon’s return
in anticipation of an extensive military conflict
and rapidly increasing government borrowing
and profitably exchanged relatively high priced gold
for lower cost debt
in anticipation of sovereign debt stability
upon Napoleon’s defeat at Waterloo in 1815
could current circumstances reflect something like the same thing
only opposite?

Now in modern markets

it is striking that exactly the reverse…applies

Governments all over the world

are about to flood the bond markets with paper

to finance their bank bailouts and economic stimulus plans

and the final bill could amount to more than $6 trillion

…governments are about to need to raise the funds

to fight another Napoleon

This massive new supply of bonds

[could]depress the price of existing bonds

…governments all over the world

have embarked on massive money creation

Peter Cooper

Seeking Alpha

(Hat tip for the Rothchild metaphor)

If Germany’s central bank suspended the right
to redeem gold backed Reichsmarks during World War I
and 170 Reichsmarks bought an ounce of gold in January 1919
why did an ounce of gold cost 87,000,000,000,000 Reichsmarks
in November 1923?

What if the pizza shrinks 

while the number of slices rise?