At some point, without endless regime change wars, “improper payments”, “proper payments” (ridiculous spending), bailouts, etc...wouldn’t we experience significant deflation?
If we are only experiencing 3%-8% inflation WITH all of that ridiculous spending, imagine how much less it would be if we ran a tight fiscal ship.
Maybe the reason the Republican are so quick to vote for Continuing Resolutions, war funding, bailouts, etc... is because they fear the short term implications of deflation.
Don't fall prey to Deep State lies. A visit to the grocery store will quickly establish that the current overall inflation rate is somewhere around 20% {a dangerous level difficult to recover from without painful measures - viz 1981.)
The '3%' figure means 3% 👉over last year👈. While that is a somewhat modest inflation growth, it is NOT reducing inflation... neither is lowering Fed interest rates 1/4% while inflation is growing. They are gleefully lying to us and planning on torpedoing the dollar all together.
The source of the current inflation growth is the Bitem Administration recently spending $1 trillion every 100 days! Do not be deceived.