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Politics : The Trump Presidency
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To: combjelly who wrote (255175)10/24/2022 11:51:25 AM
From: i-node1 Recommendation

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Bill

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>> There isn't just one cause of inflation like you are pretending.

As pointed out, there is no recorded history of an inflation without excessive printing of money. And there is no recorded history of excessive printing of money that did not result in an inflation six to twelve months later.

This is how it works. We know that. There is no question. And Biden went wild without cause, printing money needlessly, with the end result being inflation.

I tried to explain it to you as simply as I could. It is not complicated, there are simple econometrics that support the process.

The only way for government to borrow money that doesn't give rise to inflation it to sell debt to the public. This, of course, comes with the limitation that the public has to have the money to buy the debt.


Milton Friedman was the world's expert on this subject. But he is NOT the ONLY world's expert on the subject, and they all agree. If you create more "token" money than you do new goods, you create inflation. And that is precisely what happened in 2021. And some in 2020.

Pretty much any well-known, mainstream economist ought to be able to confirm this.
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