Quote:
Originally Posted by Doctorfever
The deficit spending before and after the pandemic is why we have record debt and has contributed to inflation (how much is debatable). Nobody is saying there shouldn’t have been spending during the pandemic.
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A lot, I just made 4 arguments you chose not to debate.
- The LPC doesn't control other countries spending or the trade balance.
- A lack of government spending might have been a drag on the private sector hurting the tax base and making the deficit worse
- A lack of spending may have worsened the supply crisis, worsening inflation when countries were competing over scarce goods.
- Maybe the problem isn't spending, but lack of taxes when corporation profits are at record levels