this post was submitted on 05 Mar 2024
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Every anti-government interventionalist claims money spending causes inflation. Every time they shift the blame to some past event to fit their model.
Government spending increased and inflation goes up with it. Zomg they were right!
Government spending goes up and inflation goes up several quarters later. Zomg they were right again!
So long as our monetary policy is pro-inflation, people like you will always find a way to tie that intentional inflation to the unintended consequences of government spending, wage increases, etc.
You have a model and damned if you won't find a way to fit the data to. The consistency in how you fit the data never matters to you.
Your models have no predictive power. They only apply in hindsight but weird never 20/20, one always has to squint just right.