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> High inflation is universally known as bad for an economy.. until now for some reason. Because, presumably, the shoe is about to drop and they want citizens
by rglover 5y ago
> High inflation is universally known as bad for an economy.. until now for some reason.
Because, presumably, the shoe is about to drop and they want citizens to willfully accept their savings/investments going to zero and replaced with a digital surveillance currency (CBDC or Central Bank Digital Currency). If they can convince the general population that "inflation is good," they're less likely to take flight to alternatives like metals, Bitcoin, land, etc or try to behead the bankers who stole their wealth. IMO, MMT is just Stockholm Syndrome rebranded for finance.