I think I have it all figured out,finally!The government can raise money through 10 year T-bills or they can print money. When not enough money is comming from T-bills they raise the rates to attract buyers = inflation. When not enough revenue comes in from T-bills they print money = inflation. Of course both are going on concurrently, it is a matter of quantity. Not sure if we can go the Japanese route. Not sure we want to! I know I don’t want to experience stagflation for the next 10 years.
