Yep. It's basic economics, and every Econ professor I had from undergrad thru to my MBA said the exact same thing ... GOVT debt spending is nothing more than a "back-door tax". Period. When you inflate the money supply in excess of actual productivity and physical asset creation you devalue the base currency in which all things are denominated for that economy.
Welcome to the reality of economics. Its real, and its happening right now, and it is gonna get way way worse.
Sounds like you have the knowledge to answer this question. I have zero formal training about this, so I really am trying to learn. It seems to me that inflation is simply caused by printing more money. Is that a fair assessment?
Yep. It's basic economics, and every Econ professor I had from undergrad thru to my MBA said the exact same thing ... GOVT debt spending is nothing more than a "back-door tax". Period. When you inflate the money supply in excess of actual productivity and physical asset creation you devalue the base currency in which all things are denominated for that economy.
Welcome to the reality of economics. Its real, and its happening right now, and it is gonna get way way worse.
The house of cards is exposed for all to see. Yes, I too believe it'll get worse before it gets better. It's called the great awakening.
Sounds like you have the knowledge to answer this question. I have zero formal training about this, so I really am trying to learn. It seems to me that inflation is simply caused by printing more money. Is that a fair assessment?