There is no relationship between inflation (red line) and changes in federal deficit spending (blue line).
Libertarians and Republicans sell the inflation myth to widen the Gap between the rich and the rest.
Let me begin at the end, with a summary: “Inflation,” or “price inflation” as some prefer to call it, never is the traditional “too much money chasing too few goods.” It always is “too few goods (and services).” Never, “too much money.” Inflation always is caused by shortages of key goods and services, most often,…