MMT and External Constraints
To Fix or To Float, that is the question.
The inflation hawks have a point: inflation is genuinely destabilizing. But where the inflation hawks go wrong is in blaming “money printing” for inflation.
Quite frankly… you are not worth the effort. Come back to me when you are ready to talk in good faith.
In this article, we dispute the mainstream view that the inflation of the Weimar Republic was caused by a proactive expansion of the stock of money by the German government acting in concert with the Reichsbank.