Right (and this is just one of tons of items the OP you are replying to is ignoring). But spending more then revenue just means money supply increases. Consider

Right (and this is just one of tons of items the OP you are replying to is ignoring). But spending more then revenue just means money supply increases. Considering productivity/growth/population/consumption changes, this may or may not have inflationary effects. If the spending equaled revenue, it would be a stable money supply which may or may not be deflationary… oh, if only everything were as simple as our dogma and mental models.