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> Most of the world's monetary systems have been run under Monetarist theories for 40-ish years. Argentina's monetary system hasn't.
by argentinian 5y ago
> Most of the world's monetary systems have been run under Monetarist theories for 40-ish years.
Argentina's monetary system hasn't.
- wbsss4412 5y agoIt hasn’t been run under MMT either, given that it’s an entirely new academic theory.
- netcan 5y agoBoth true. I'd even say that "theories," is probably the wrong term. More "school of thought." I would also point out that the USD/EUR/GPM/Yen/etc are "run under MMT" in the basic sense. They simply have different ideas about inflation. Broadly, MMT thinks same year spending is the main inflationary mover. Monetarism thinks cumulative national debt is what impacts inflation.
- wbsss4412 5y agoAgreed in the sense that MMT theorists assert that their theories describe what happens in practice. I disagree if the assertion is that policy makers have been consciously crafting policy under MMT this whole time.