from LA Times
To the editor: Economics professor Aine Seitz McCarthy says Americans ought to retake Econ 101. Reading her piece, I think she ought to take it herself.
Expanding the money supply causes inflation. What else would one expect from the succession of major spending bills that came from this administration and increased the national debt to more than $36 trillion?
McCarthy proposes government spending increases on social welfare programs. So where does the money come from? Either you tax for it or borrow it. Interest payments on the national debt now total more than $1 trillion yearly.