3 ms·
We'll have to wait and see. If it winds up being too much government spending to avoid inflation, then taxes would have to be raised to cut down the inflation.
by cultus 6y ago
We'll have to wait and see. If it winds up being too much government spending to avoid inflation, then taxes would have to be raised to cut down the inflation. I don't think this would be such a bad thing, since the income redistribution would be a benefit anyway.
My guess is that it wouldn't cause much inflation, since much of the demand destruction we've seen will be permanent.