Once you construct the MMT take on deficits, non-MMTers routinely have 1 of 2 responses

Once you construct the MMT take on deficits, non-MMTers routinely have 1 of 2 responses

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  1. This can trigger hyperinflation.
  2. That isn’t all that distinctive from regular economics.

The reaction that is first from MMT’s rhetoric in regards to the federal federal government always to be able to print additional money. The image of a national federal federal federal government producing endless heaps of money to fund whatever it really wants to invest brings to mind Weimar-era wheelbarrows of money, as Larry Summers had written in his review of MMT:

It is really not real that governments can easily produce brand brand new cash to pay for all liabilities coming due and default that is avoid. Leer más «Once you construct the MMT take on deficits, non-MMTers routinely have 1 of 2 responses»