Well, RVs analysis is not wrong. I don't think Trump started inflation, it was in check for a year after he left and after Biden's hyper inflation packages were signed. Then it took off. But less cash in and more cash out is not a good premise to work with. But Trump did spend more with his last Covid thing, but that was kind of necessary if you are going to shut down the economy. So that probably didn't help. But I blame Biden for his additional Covid spending and his ridiculous inflation reduction act which let the cobra out of the basket.
He should reduce taxes, and reduce spending. Spending could be reduced by 10% and not many would miss out on anything. RVs problem is that he equates reducing tax rates with a reduction in revenue. This is not true. As I showed in another conversation, revenue pretty much has gone up since 1962 even with tax rates being lowered or highered. For the economy, it is better that the money stay with the people that produce rather than go to the government which does not produce. Tax rates incentivize risk taking. Lower taxes - higher risk taking by businesses. Higher taxes - less risk taking by businesses. Taking risk has the effect of increasing the economy if the risk works out. Most businesses know the risks but feel that circumstances lower those risks and so they take them. And that adds to the economy short term and if successful, long term. There is no downside to that. There is downside to higher tax rates on the economy. That's just the plain facts.
mspart