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Has any state that has eschewed these myths and run their monetary policy accordingly? If so, how is it going for them? Seems like a recipe for inflation, but w
by onionisafruit 3y ago
Has any state that has eschewed these myths and run their monetary policy accordingly? If so, how is it going for them? Seems like a recipe for inflation, but what do I know.
- bryanlarsen 3y agoThe article states that too large of a deficit causes inflation.
- onionisafruit 3y agoI see that now. Completely missed it before.
- dragonwriter 3y ago> Has any state that has eschewed these myths and run their monetary policy accordingly? Essentially all of them that make their own decisions? Especially "government debt needs to be repaid". Running perpetually increasing nominal debt balances is fairly normal. The myths are much more common (in incoherent, shifting, inconsistent combinations) in public political discourse about government policy than in actual policy, except policy directed by externally-imposed constraints from (mostly) the IMF.