3 ms·
Burry's premise is unproven. The US government's policies are not "MMT-tinged" (i.e. unchecked money printing, in the financial shorthand) unless there's a ser
by Majromax 6y ago
Burry's premise is unproven. The US government's policies are not "MMT-tinged" (i.e. unchecked money printing, in the financial shorthand) unless there's a serious question about the Fed's lack of independence or lack of commitment to its inflation target.
Hyperinflation, which Burry warns about through imagery of interwar Germany, doesn't just happen. It requires that the money-printing authority keep the presses rolling despite extant and increasing inflation. We have neither of those today.