4 ms·
MMT also predicted this. It says you're supposed to stop spending when resource constraints are reached otherwise you will see inflation. It's actually a much b
by fny 4y ago
MMT also predicted this. It says you're supposed to stop spending when resource constraints are reached otherwise you will see inflation. It's actually a much better description of how money actually flows
The problem was that everyone remembered the GFC and went way too far with spending in an already supply constrained environment.