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I see a huge flaw in this - If I understand correctly, the Fed is the main bank that loans dollars to the government, so every new dollar printed is actually another dollar of debt, so inflation actually has the opposite effect of what you describe.
Also worth mentioning that wages never keep up with inflation.
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[–] antistatist ago
I see a huge flaw in this - If I understand correctly, the Fed is the main bank that loans dollars to the government, so every new dollar printed is actually another dollar of debt, so inflation actually has the opposite effect of what you describe.
Also worth mentioning that wages never keep up with inflation.