2 ms·
While this is true, it's also true that GDP growth driven largely by governmental deficit spending, which this was, is inflationary.
by somenameforme 3y ago
While this is true, it's also true that GDP growth driven largely by governmental deficit spending, which this was, is inflationary.
- huytersd 3y agoHow do you know? Is there a breakdown of the percentage of the deficit spending?
- refulgentis 3y agoIt's true insomuch as aggregate spending being high drives inflation. Not necessarily government. More dollars, same goods. Not more gov't dollars, same goods.