Can a government reduce inflation by selling public property – i.e. trading assets for private cash and reducing the money in circulation?

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Can a government reduce inflation by selling public property – i.e. trading assets for private cash and reducing the money in circulation?

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They can. We had a conservative government in Canada do this to appear to “balance the budget”
during their last year in power. This was following record deficits prior to some economic spillover from the previous government. https://financialpost.com/news/economy/ottawa-balances-books-one-year-early-after-posting-surprise-1-9-billion-surplus-monday

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