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政府的赤字可能、并且有时确实会促成通货膨胀。然而,赤字与通货膨胀之间的关系远比人们普遍所认为的更少。此外,赤字所造成的主要危害就是促使政府不负责任地开支。有一些事例可以说明赤字与通货膨胀两者的关系是不稳定的。当前的联邦赤字是我国国民收入的2％—3％;现在日本的赤字大约是其国民收入的6％,或者是我国赤字的二、三倍;西德的赤字约为其国民收入的2％,或者大致相当于我国的赤字。然而,现在和近几年来日本与西德的通货膨胀率都比我们低。
The government deficit is likely, and sometimes does, contribute to inflation. However, the relationship between deficits and inflation is far less common than is generally believed. In addition, the major harm caused by the deficit is to make the government irresponsible. There are some examples that illustrate the relationship between the deficit and inflation is not stable. The current federal deficit is 2% -3% of our national income; now Japan’s deficit is about 6% of its national income, or two or three times the deficit in our country; West Germany’s deficit is about 2% of its national income, , Or roughly equivalent to our country’s deficit. However, inflation rates in Japan and West Germany are lower than ours now and in recent years.