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You really ought to stay off screwball websites like that one. It'll warp your brain.
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The Economics of Money, Banking, and the Financial Markets 7ed, Mishkin
When government deficits are financed through monetizing the debt, the outcome is an increase in the monetary base, or the money supply. If a deficit persists for a substantial period of time then the monetary base will also increase, moving the aggregate demand curve to the right leading to a rise in the price level. When governments purposely do this, they devalue existing wealth of anyone who is holding assets based in that currency. It is in essence a "tax" as the overall value of their assets decrease due to a loss in spending power. This is known as inflation tax. A tax that is grand but not recognized by the public as a normal tax. It is deliberate and meant to collapse economies, for a rebellion and eventually a revolution.
His posts do not usually have that many words with that many syllables, but thanks.
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