How does that work? Why does all that deficit spending create inflation? Because inflation is always a monetary event. What does that mean? It means it's created by money printing. Why is The Federal Reserve has been printing money because they had to buy all the debt that we've been issuing at the federal government level. So the more deficit spending you do, the more the Federal Reserve, the bank for the federal government has to buy that debt and then create money supply. (05:43–05:46)
CLAIM
Asserts that the Federal Reserve prints money to purchase federal debt.
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