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Government Spending and Economic Trends Post-Pandemic
This chapter explores the stark contrast in government spending during the COVID-19 pandemic compared to the financial crisis, emphasizing the role of fiscal policy. The discussion includes the impact of rising interest rates on housing demand, potential deflation versus hyperinflation, and the influence of globalization and demographic shifts on economic growth. It also examines the relationship between inflation and money velocity, challenging traditional views on monetarism and the effects of quantitative easing.