Why Spending Matters in Times of Inflation and High Debt

Source: The American Spectator
by Veronique de Rugy

“A lot of people don’t care about the nation’s growing debt. Some believe that low interest rates for the foreseeable future essentially mean a free lunch for the government. Others believe that no matter what the cost of this debt, it is all worth it because of the purported higher returns on government spending. But there is an argument that may convince them otherwise: If inflation ever gets out of control, it’s easier to deal with it in a lower-debt environment.” (07/22/21)