5. "The economic stimulus of deficit spending is based on money illusion. When the government issues bonds to finance its deficit, it is promising to levy future taxes so that bondholders can be paid back with interest. Bond financing is merely a substitution of future taxation for current taxation. The stimulus results because taxpayers, failing to recognize fully their greater future tax liability, are deceived into thinking that their wealth has increased. Thus, they increase their current spending." Is this view correct?
Why or why not?