The funding of the government, and deficit spending, does not necessarily cause inflation.
That isn't my opinion, it is the opinion of the late Milton Friedman. The article mentioned on Free Republic conflates government spending with inflation and it just isn't so, according to Friedman. According to Friedman, inflation is a monetary phenomenon. Consequently, there could be inflation when the gold supply increases and the country is on the gold standard.
Deficit spending climbed faster during the Reagan years, but inflation WENT DOWN from double digits to single digits. So, there is no connection to deficit spending.
What makes deficit spending so bad is that the government finances spending with DEBT. There is no need to finance government with so much DEBT. But that is how it is done, and the deficits are being aggravated by the high cost of debt.
Stop giving excuses for hating on Trump. Let him do the job he was elected to do, and wait until something happens before you start complaining about it. Inflation didn't go up because of tariffs, either. These people...
Thursday, February 5, 2026
This is a crock, as usual
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