Meaning, government deficit spending, which was 18% of GDP ($3.7 trillion) in 2020, and 16% of GDP ($3.1 trillion) in 2021, will plunge to a still awful, but just about 5% of GDP ($1.2 trillion) in 2022, according to the non-partisan CBO. Of course, it should be abundantly clear that monetizing huge government deficits actually harms economic ...