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Comment: Only in the short to short-medium term...

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In reply to comment: On Deflation..... (see in situ)

Only in the short to short-medium term... malinvestments by government are worked out of the system.

You have to ask yourself though is what the government spends money on value add? Or just velocity inflationary?

Would prosperity and productivity growth be hurt in the medium to long term by allowing government malinvestment be worked out of the system? Quite the contrary, people would be better off as that money goes to productive uses demanded by the free market.