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"without creating any correspending increase in the goods or services available to purchase" Why would it not create more to purchase? If you go into a hairdre
by neilwilson 4y ago
"without creating any correspending increase in the goods or services available to purchase"
Why would it not create more to purchase? If you go into a hairdresser with money in your pocket do they work harder to get the queue down or shut the shop and put the prices up.
The limit is actually available unemployment/underemployment, even now we still have millions without work that want it, less the increase in the level of saving. More saving = more space.
Hence when Tories decry their proposed tax cuts as 'debt fuelled', they really ought to hope that they are since that will reduce inflationary pressures.