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The US national debt more than doubled between 2008 and 2018, but inflation was low. It's only up 50% in the 6 years since, but we've had crazy inflation. The o
by triceratops 3y ago
The US national debt more than doubled between 2008 and 2018, but inflation was low. It's only up 50% in the 6 years since, but we've had crazy inflation. The only new factors have been the things you listed - supply shocks, war.
A lot of things other things happened in 1914. For instance, World War 1. Why not blame that for inflation?
I said inflation was due to all of the factors you listed. Debt and deficits was one of the factors. I just don't think it's the only factor, like you do.
- WalterBright 3y ago> The only new factors have been the things you listed - supply shocks, war You overlooked the incredible increase in government spending. > I just don't think it's the only factor, like you do. For the other factors, you'll need to account for where all the extra money comes from.
- triceratops 3y ago> You overlooked the incredible increase in government spending. Tax cuts too. Tax increases reduce inflation.