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It depends on your view of "progress." Early in the pandemic, people thought you really could print money indefinitely and MMT was right. Now people see that cl
by rcme 4y ago
It depends on your view of "progress." Early in the pandemic, people thought you really could print money indefinitely and MMT was right. Now people see that classical notions of inflation are still valid.
- ajkjk 4y agoWhich people thought those things? I feel like at the time I was only hearing criticism.
- christophilus 4y agoThere were plenty of financial podcasts that were saying, “why don’t we just keep doing this?” Animal Spirits, for example.
- christophilus 4y agoYeah. There were still plenty of people who predicted how foolish the early pandemic money printer was. I’d bet those same people view this new regulation with equal displeasure. I’m certainly in that camp.