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Government spending is taxation. When you look at this, I've never heard of a poor person spending himself into prosperity; let alone I've never heard of a poor person taxing himself into prosperity. ↗
I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten. ↗
People can also change the timing of when they earn and receive their income in response to government policies. ↗
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies. ↗
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