You can model this new, moralistic economics as follows: Some things are bad by nature. These include, inflation, deficit spending, any government spending, for

You can model this new, moralistic economics as follows: Some things are bad by nature. These include, inflation, deficit spending, any government spending, forex devaluation, trade deficits, debt, big banks, government loans ranging from bailouts to the discount window. All things that are bad can be thought of as the same thing. Since inflation=bad and government spending=bad, therefore government spending = inflation. There is no need for precise or careful distinct meanings of any "bad" term and can be used interchangeably as a matter of taste. I think that you'll find that this model is simple to understand, has far less complexity or uncertainty than you may be used to and can be a lot of fun, too.