Money is a substance created from nothingness by the Federal Reserve and other central banks. Anything associated with it cannot be expected to adhere to any particular “laws” of economics, because why should any laws apply to something created from nothingness?
Prices rise because counterparties in their imaginations think they should. This need not have anything to do with Federal spending or anything else. It is all derived from imagination. No philosophy or ideology necessarily has to change any of that. It’s whimsy.
“Prices rise because counterparties in their imaginations think they should. This need not have anything to do with Federal spending or anything else.”
You do realize that you’re quite insane. Right?
L