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Yeah, I understand how it works. But you yourself admit that the government ALWAYS spends more than it takes in, thus ALWAYS trending toward inflation, not defl
by Turing_Machine 5y ago
Yeah, I understand how it works. But you yourself admit that the government ALWAYS spends more than it takes in, thus ALWAYS trending toward inflation, not deflation.
- jfengel 5y agoWell, conventional monetary theory also calls for small amounts of inflation and avoiding deflation. But yeah, the US government has invented so much money in the last decade that they're worried about why there isn't more inflation than we've seen.