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Continue to ChatDeficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments. - John James Cowperthwaite from https://whatsmyquote.com/quote/deficit-financing-proper-is-rather-the-process-whereby-a-government-spends-more-money-that-it-withdraws-from