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GDP growth is not inflation and not something that needs to be intentionally limited, so not necessarily.


While this is true, it's also true that GDP growth driven largely by governmental deficit spending, which this was, is inflationary.


It's true insomuch as aggregate spending being high drives inflation. Not necessarily government. More dollars, same goods. Not more gov't dollars, same goods.


How do you know? Is there a breakdown of the percentage of the deficit spending?




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