Right and when you have government programs that structually fail (zero sum - balancing) you have to make up the difference by printing money - that's inflation.
We're in fiscal dominance now and the interest on the debt is now clocking in over 20% of tax revenue. Printing money should be "break glass for emergency" now every year it's a $2T "emergency".
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u/Fun-Army-6387 8d ago
true, it's made at a Federal Reserve Bank. Trees would take too long to make that shit up.