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Elon is repeatedly saying, "Government spending causes inflation."

Certainly that is true, but that doesn't fully capture the picture.

Monetary expansion is the root cause.

Artificially low interest rates and fed lending can be abused by public or private entities in my view.

1. Money supply goes up.

2. Consequently, governments rake in more revenue via its various tax nets (income, sales).

3. Governments have more to spend and further entrench their positions and crowd out privacy, individualism and the like.

4. You will have no deflation and you will be happy. 🫠

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