You're right, it's way easier for the government to spend money it doesn't have. The end game on that path isn't pretty.
But that's not my question or point, and maybe I didn't write my other post very well.
The post I'm replying to suggests more taxes should have been used to suck up the excess liquidity. I'm suggesting that liquidity was caused by too many large spending packages and Fed rates that were too low in the first place... Hence, it might be inefficient.
Of course I'm biased, as my spending power has gone down tremendously in the past 1.5 years. I blame the large increases in money supply and low Fed rate for causing a wild near-free money environment.
But that's not my question or point, and maybe I didn't write my other post very well.
The post I'm replying to suggests more taxes should have been used to suck up the excess liquidity. I'm suggesting that liquidity was caused by too many large spending packages and Fed rates that were too low in the first place... Hence, it might be inefficient.
Of course I'm biased, as my spending power has gone down tremendously in the past 1.5 years. I blame the large increases in money supply and low Fed rate for causing a wild near-free money environment.