Biden the economist?

Biden: More Government Spending Will Curb Inflation

According to the law of supply and demand, when the government prints/borrows trillions of dollars, the value of the dollar declines, and prices rise. That is called inflation. According to President Joe Biden, when the government prints/borrows trillions of dollars, the value of the dollar doesn’t decline, and prices decrease. That is called, to borrow a Biden-ism, malarkey.

Well there can be a lot of disagreement about the effect on the deficit when it comes to taxes, spending, or what-not. But I have actually never heard it argued before that borrowing, printing more money, and increasing spending will actually "reduce" inflation. If there is a factual economic truism that is almost universally believed by all economists, it is the one where an increase in spending and currency always leads to inflation to some degree or the other. 

Now there is an argument (albeit not a convincing one in this case) that inflation can be good. But that is not the argument that Biden and gang are attempting to make. Instead, they plan on doing the one thing that economists across the board believes will push inflation at a time when many economists believe inflation is becoming a problem. But rather than defend the fact that it will likely push inflation upwards, they argue unconvincingly that it will lower it. 

Now they provide no economic reasoning here. No textbook definition of how an increase in currency will curb inflation. No historical examples of how an increase in currency will curb inflation. Heck, I haven't even seen them be able to cite any of the slew of liberal economists who seem willing to change their economic views at a drop of the hat, if it becomes the political thing to do. 

Nope. Slow Joe just portraits this concept as true with no actual explanation. 

Some will no doubt just believe him in blind faith!