Reply #14: First, Ma'am, Raising Taxes Is A Proper Course

[The Magistrate]

It is, after all, tax reductions that have largely put the government in its present hole, as well as war costs, and the loss of revenue owing to the looting of the economy by grifters running banks and hedge funds.

Nor is inflation necessarily a bad thing. Inflation would force into circulation the cash being hoarded at present by big business, by making it a colstly proposition to sit on cash, rather than to invest in capital assets.

Further, in times of depressed demand, inflation is not easy to contrive. Economies must be running at something near actual capacity for inflation to set in, for there must be more money generated than there are goods and services to absorb it, and until the capacity to produce goods is near its limit, more money simply creates more demand for goods, which calls into action dormant productive capacity.

Do not try and raise situations where the mulcting of an economy, by war reparations or foreign creditors wholly dominant over a country's supply of credit, which a government chooses to resist by deliberately destroying the value of its currency, as cautionary tales of what might happen here if the administration were to engage in proper stimulative policy at present.