Is There a Debt Deflation Cycle?

I'm more critical of the bie dadministration and central bank than my right wing friends are. I do think if we were dropping money out of a helicopter, that would be inflationry. The difference is that when you go pump the money supply and a consumer gets an extra 800 dollars or two thousand dollars, and they go and spend it, that whether it is one level removed or two levels removed, velocity utterly collapses. And i define wealth as the creation of goods and services, producing more than you consume. We cannot do that by any government imachination. It requires human action. If we start saying, all bidin us to do is give another one point nine trillion