You’re free to say “And don’t talk about inflation. That risk only exists if we overspend – and a pay rise for the NHS isn’t that. That also only happens if we have a non-functioning tax system to claim the spend back – and we have one. So, inflation is not a risk from this.”
Lesson two is to understand where tax fits into all this, which it does. It is true that making money without limit will result in inflation. Tax is the mechanism used to prevent inflation. It takes the money the government creates back out of the economy.
Odd how a pay rise for the NHS does in fact mean higher taxation, isn’t it? Even when we’re told it doesn’t.