It takes years of government profligacy to set off a hyperinlfationary cycle (and sadly, years to bring it under control). Nether Richard Nixon nor Jimmy Carter spent like crasy on Viet Nam and the Great Society. LBJ did that! But Nixon and Carter paid the ultimate price. Trump also spent like crazy, especially during the insane COVID lockdowns... so he could get re-elected. To no avail, because he is a revolting personality (as bad as Nixon!).
This message has been edited 2 time(s).