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Inflation has many inputs and looking at inflation strictly through a monetary lens will provide a distorted picture as to why there is inflation. Additionally
by dlp211 5y ago
Inflation has many inputs and looking at inflation strictly through a monetary lens will provide a distorted picture as to why there is inflation.
Additionally, MMT states that it needs to use taxes to manage inflation, which the US federal gov't is clearly not doing, which undermines the testability of the theory.