_wesbury-101-government-spending-is-way-up-but-thats-not-whats-causing-inflation-part-1.jpg "Wesbury 101: Government Spending is Way Up, But That’s Not What’s Causing Inflation - Part 1 from pauline inflation Video Screenshot Preview")
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⏲ Duration: 2 min 95 sec
✓ Published: 07-Jan-2022
✓ Published: 07-Jan-2022
Description:
Government spending is up (way up!), and inflation is up (way up!).But correlation is not causation, and no matter how many times people say it, government spending does not cause inflation. nnWhen the government takes from Pauline (through borrowing or taxation) to pay Peter, money moves from one pocket to another, but no new money is created. nnTaking money from the savers and investors, and redistributing it to spenders instead, hurts production into the future. It’s a headwind to economi
Government spending is up (way up!), and inflation is up (way up!).But correlation is not causation, and no matter how many times people say it, government spending does not cause inflation. nnWhen the government takes from Pauline (through borrowing or taxation) to pay Peter, money moves from one pocket to another, but no new money is created. nnTaking money from the savers and investors, and redistributing it to spenders instead, hurts production into the future. It’s a headwind to economi
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