3 ms·
You’re pretty smug about “velocity of money” there. Also you appear to not understand that economics isn’t a hard science where there is some rigid consensus.
by thepasswordis 5y ago
You’re pretty smug about “velocity of money” there. Also you appear to not understand that economics isn’t a hard science where there is some rigid consensus.
Some (many? Most?) economists think that this “modern monetary theory” stuff is suicidal. It looks to me like they’re being proven right.
- wbsss4412 5y agoYour comment seems to imply that the MMT set is actually directing policy, rather than being in favor for a smaller subset of progressive politicians. The fed isn’t run by Stephanie Kelton. We are still living through one of the most disruptive periods in modern economic history, seeing moderately elevated inflation in this context doesn’t mean the sky is falling.
- whimsicalism 5y ago> Some (many? Most?) economists think that this “modern monetary theory” stuff is suicidal. It looks to me like they’re being proven right. You have no idea what you are talking about if you think that the Fed's actions are based off of a fringe heterodox theory like MMT. > economics isn’t a hard science where there is some rigid consensus. Oh, guess that gives you license to make up whatever theory you want then, my bad. Not going to continue replying.
- dragonwriter 5y ago“velocity of money” long predates and has little connection to MMT.