There is a difference between increasing the money supply of a nation to match the increased amount of value that nation produces, vs. increasing the money supply to devalue the debts that a nation has to its own citizens, or to neighboring countries that lent the money in the first place.
Using inflation to devalue debts is the strategy our government currently takes. It does not do so for the public good.
Using inflation to devalue debts is the strategy our government currently takes. It does not do so for the public good.