4 ms·
> MMT requires the government to raise taxes once inflation starts rising due to previous money printing. That’s a common misconception. Have you seen any MMT
by dools 4y ago
> MMT requires the government to raise taxes once inflation starts rising due to previous money printing.
That’s a common misconception. Have you seen any MMT economist advocate a tax increase recently?
Here is an excellent podcast with one of the most eminent MMT scholars Randall Wray discussing his recent publication on how to deal with inflation in the US currently:
https://realprogressives.org/podcast_episode/episode-173-inflation-the-feds-crash-landing-with-l-randall-wray/ https://realprogressives.org/podcast_episode/episode-173-inf...
Here is the publication:
https://www.levyinstitute.org/pubs/ppb_157.pdf https://www.levyinstitute.org/pubs/ppb_157.pdf