If we print money to fund it, yes. If we fund with taxes without printing money, then yes, but by less. FTFY No matter what you do here you're increasing the

If we print money to fund it, yes. If we fund with taxes without printing money, then yes, but by less. FTFY No matter what you do here you're increasing the demand for goods. Without an increase in the total money supply that would stabilize but there would still be some inflation because of it.