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Comment by nemothekid

This seems like its going to be a continual moving of goal posts until there is no data to back any position. Before the loans were paid back, inflation went negative. To be clear, I'm not arguing that the government can and should spend their way out of any crisis; the point I'm trying to get across, which you keep evading is that there is no data to back your claim that government spending led directly to inflation, especially when there are so many other obvious factors. In fact, before 2020, there is no modern economy where you could clearly point to and say "the government overspent, and caused massive inflation". Japan desperately tried to spend it's way to inflation and failed. For something that is a "law of nature", there seems to be so few data points to back it up. As far as I can tell, it's a neoliberal talking point used to dissuade any form of direct to citizen welfare.
parent nemothekid 4 years ago

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