[ConstantineX]

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cliff notes?

If they don't mention monetary inflation, it's worthless. It really is the case that when government cuts taxes tax revenues go up, but only because they simultaneously create an artificial boom by inflating the money supply.

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This is nonsense. How are they increasing aggregate demand in any way? Actually a tax cut could be deflationary depending on how immediate consumption the government undertakes, while individuals and corporations can invest in technology to shift the supply curve.

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In general, alot of Ron Paul supporters are way too caught up with inflation. Even if you think the government is lying, inflation is not more than 10%, so it's not egregiously high as into interfere with people's long-term decisions (like in Zimbabwe, where money becomes so quickly worthless you would rather be paid in bread). What matters more than inflation is the market's future inflation EXPECTATIONS. The government consistently inflates, don't you think the market takes this into account in nominal interest rates? So what matters more than the government inflating to cheapen its debt is the changes in government policy that causes changes in inflation expectations. So say an unpaid war is very worrisome because of increased AD, which shifts the price level up more than previously expected in contracted debt rates. But the fact that government continually spends above its budget isn't the problem, it's the fickle changes in the size of its appetite.