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MMT does not say that you can't cause inflation by increasing money supply. It does say that the government that controls the currency (monetary sovereignty) n
by skrtskrt 5y ago
MMT does not say that you can't cause inflation by increasing money supply.
It does say that the government that controls the currency (monetary sovereignty) never has to default.
I think people may be mixing up the increasing popularity of MMT with the idea that we have been "pumping money into the economy" for years without the official measures of inflation ticking up much, at least until very recently.
I don't think the average person buying cars, trying to rent/buy housing, or send their kids to college would agree with the official narrative of low inflation however.