Has the Surge in the U.S. National Debt Caused the Spike in U.S. Inflation?

Former Global Chief Economist, JPMorgan Chase, Ph.D. Economics

We often hear conflicting stories from both sides of the political aisle when describing the relationship between the U.S. budget deficit, and inflation.  On the Democratic side, politicians like Joe Manchin argue that they will support higher spending for worthy causes only if those expenditures are paid for via increased federal tax revenues to avoid …