Episode 108 No, Government Spending and Deficits Don't Cause Price Inflation

Summary:Government fiscal and regulatory policy can cause specific products like food and energy to rise, but those rising prices would result in decrease in demand for other things. Only new money created by the Federal Reserve -whether to monetize deficits, “stimulate the economy,” or bail out zombie corporations – can cause all prices to rise simultaneously.Additional Reading:Manchin's disingenuous claim about the new spending billTrue federalism would have prevented Covid lockdowns; Americans cannot afford Russia sanctions on top of themFree Gift from Tom:Download a free copy of Tom's new e-book, It’s the Fed, Stupid, at itsthefedstupid.com. It’s also available in paperback here.It’s priced at a pre-hyperinflation level so grab a few copies for friends if you can.It makes a great introduction to the government’s most economically damaging institution for liberals, conservatives, libertarians, socialists, and independents alike.Get even more great content by becoming a Tom Mullen Talks Freedom Supporter at tommullentalksfreedom.com/support. You can sign up there for either my Patreon or my Substack. Like the music on Tom Mullen Talks Freedom? You can hear more at tommullensings.com!