Finding national debt can withdraw funds, reduce the currency in circulation and curb inflation. However, after the national debt expires, funds will flow out and inflation may occur again.

The domestic economy is sluggish and domestic demand is insufficient. Issuing treasury bonds can also concentrate funds on construction and stimulate economic growth to cope with deflation.

Therefore, whether to issue treasury bonds to solve inflation or deflation depends on how the government uses funds and the purpose of issuance.