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> MMT says we don't need to think about this the way we think about personal and corporate debt. I thought the recent inflation surge has debunked MMT (somethi
by csomar 3y ago
> MMT says we don't need to think about this the way we think about personal and corporate debt.
I thought the recent inflation surge has debunked MMT (something which I almost bought, myself). Or is that not enough inflation?
- lxgr 3y agoWhere do you see the contradiction here? MMT says that government spending and money creation are two sides of the same coin, and the practical limit for both is inflation. Whether you agree with that identity or not, we've certainly seen a lot of both during the pandemic (government subsidies, tax breaks etc.), which is where the current inflation pretty uncontroversially originates.