In your second lecture of Part 2 I believe you listed that monetary inflation supplied more than 50% of the funds for the Revolutionary War. Does that imply that the War could not have been won without monetary inflation? Are there similar stats for other American Wars besides War Between the States and War of 1812?
Yes, the statistics are calculated for both the first and the second world wars. You will find them on the relevant lectures in Parts 1 (1st world war) and Part 2 (2nd world war).
The use of monetary inflation actually diminishes the government’s war effort by reducing the productive capability of the economy, more than either debt financing or taxation. You will find some comments on these points on the lectures mentioned above.
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