We need to spend Moar!

Read: how far can we push this thing

It would be reasonable to expand fiscal deficits by around 5% of GDP provided we see no evidence of sustained, rapid nominal wage growth. This should raise annual nominal GDP growth to around 10.9% of which around 6% will be real GDP growth and around 4.9% will be inflation.

Let's see, GDP is about $20 trillion now, so that would be another $1 trillion per year, raising our budget deficit from about $900 billion per year to $1.9 trillion.  If we could wait a few years, we will be having a $1.9 trillion deficit by 2032 if we do nothing. 

The author thinks that inflation is nothing to worry about that and that ghosts from the 70s still haunt us.  Inflationphobia reigns everywhere supreme.  Just wait until inflation is "baked into the cake" so to speak.  It is like a cancer and almost impossible to get rid of.  Last time, it took chemotherapy by Paul Volcker by raising the Fed Funds rate to 20% in 1981 to get rid of it.

This is just another pseudo-scientific article that attempts to justify more government spending.

(By the way, "Moar" is an intentional mispelling, which indicates satire.)