Inflation in Venezuela is due to printing money. Inflation in Zimbabwe was due to printing money. The reason that they printed money is because they previously destroyed production and stole (confiscated) assets and they wanted to pay out welfare payments without any tax base. Solution: print money.
The main reason our own money printing doesn't create (much) inflation is that the printed money is being used to buy assets from banks and being handed to politicians . The politicians are not turning around and handing it out as welfare to any great extent like the Venezuelans do. So it is not creating a lot of real inflation. But it is creating some as previous posters have noted.
Reagan has a huge war expenditure and that should have generated inflation according to your theory, but it did not.
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It’s not a theory, it’s an observed fact. Reagan’s military expenditures as a portion of GDP were nothing compared to the Revolutionary war, the Civil War or WWII.
Inflation in Venezuela is due to printing money. Inflation in Zimbabwe was due to printing money. The reason that they printed money is because they previously destroyed production and stole (confiscated) assets and they wanted to pay out welfare payments without any tax base. Solution: print money.
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I agree. Thanks for confirming what I said.