Would a "Third New Deal" Help present day United States?

[Mr Khan]

GodzApostle said:

Mr Khan said:

It's not about inflating their way out of debt, more that QE can proceed indefinitely until it works (as in, kicks inflation into gear). Too much would be bad, but it would not be immediately harmful, as opposed to those who call for hyperinflation.

obviously we need inflation to be kicked into gear so that the economy can recover. higher prices is a good thing because then businesses will have more money to hire more workers due to the higher prices they are charging for goods. i also believe we can do even better than QE. how about bombing US cities with trillion dollar bills?

surely the aggregate demand line will shift to the right and prosperity will follow.

Inflation is not the only ingredient, of course, but weakening the currency strengthens demand for exports which helps raise production, then hiring. Demand need not be entirely endogenous.