Blog EPB Macro Research on YouTube Can Fiscal Spending Create Real Growth? | MMT Spending ExplainedCan Fiscal Spending Create Real Growth? – Fiscal spending will not create real growth. In fact, at current levels of debt, additional fiscal spending will lead to a worsening rate of real GDP growth. Debt levels are too high and passed all well-studied critical thresholds. Is QE Inflationary? | Quantitative Easing ExplainedIs Quantitative Easing Inflationary? – No. QE is not inflationary because newly created money does not make its way into the real economy. QE can boost speculation in financial markets, but new money generally comes from new bank loans or fiscal spending from the Treasury/Congress.