Inflation has caused great economic harm many times and in many places around the world throughout history. But, where we’re stood now, is this time and place one where inflation should be a concern?
Introduction The purpose of this chapter is to present a framework for the analysis of the price level and inflation. MMT (Modern Monetary Theory) is currently the only school of economic thought that, in direct contrast to other schools of thought, specifically identifies and models both the source of the price level and the dynamics …
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Fadhel will introduce the audience to the core principles of MMT, highlight the real limits to the Federal government’s spending capacity, and illustrate that a comprehensive set of transformative policies can be introduced to fight the COVID crisis, climate change, inequality, and unemployment without bankrupting the country or causing 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.
When poor countries fall prey to inflation, it’s not because they’re “too socialist.” The rising popularity of modern monetary theory (MMT) has inevitably brought misconceptions.
It regularly comes up in the comments section that Modern Monetary Theory (MMT) lacks a concern for inflation. That somehow we ignore the inflation risk. One of the surprising aspects of the public debate as the current economic crisis unfolded was the repetitive concern that people had about inflation. There concerns echoed at the same …