3 ms·

MMT was delt a massive blow by the current inflation issue.... They thought they could, then the Ghost of Hayak was heard laughing from Coast to Coast.

• dragonwriter 4y ago
  > MMT was delt a massive blow by the current inflation issue.... MMT literally argues that the monetary/fiscal division is artificial, and that the only constraint on fiscal policy is the monetary impact of net spending in the context of whatever traditional “monetary” policy is pursued, when you operate in your own fiat. There being a monetary impact of either net spending or traditional monetary policy is not a blow to MMT.