A government that relies on seignorage to finance excess government expenditures is the foundation for the following quote:

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The quote "Inflation is always and everywhere a fiscal phenomenon" refers to the idea that inflation is primarily caused by excessive government spending and deficits rather than just changes in the money supply. If a government is relying on seignorage (the profit from printing money) to finance excess spending, it will likely lead to inflation as there will be more money entering the economy without a corresponding increase in goods and services. This quote is often attributed to economist Milton Friedman.

A Government That Relies on Seignorage to Finance Excess Government