4 ms·

I never said there was, I just said that hyperinflation always (as far as I know) is related to external debts in an external currency. Printing money does cau

I never said there was, I just said that hyperinflation always (as far as I know) is related to external debts in an external currency. Printing money does cause inflation, proportional to the amount printed. But hyper inflation is caused by money printing to pay external debts.

legitster 6y ago
That is 100% Stephanie Kelton's core assertion in MMT. But it's not not widely supported amongst economists. In Venezuela's case, they haven't even been paying their debt, so it's hard to make the case that it matters here.