nonidentified

4 ms·

1.
by nonidentified 6y ago
> Monetary policy isn’t the only or even the primary driver of inflation. After two degrees in economics, my perception is that monetary policy is definitely considered a primary driver of inflation, probably THE primary driver. But thi
2.
by nonidentified 6y ago
To be fair, the question was "with inflation" or "without inflation" (inflation rate of zero). A currency with a limited supply results in deflation as the economy grows. Deflation gives an advantage to savers, the sam
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by nonidentified 6y ago
Speaking as an economist, I tend to get nervous when other economists talk about circumstances where "morality trumps economics." As a profession, we have a miserable track record on morality. Economists widely endorsed eugenics
4.
by nonidentified 8y ago
> MMT requires a nation that is internally self-sufficient when it comes to basic supplies To be fair, isn't this a lot like saying, "MMT requires conditions that don't generally exist"? What modern economy isn'
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by nonidentified 8y ago
> What governments should do is spend appropriately to maximize the welfare of their people Are you suggesting that people aren't capable of spending appropriately to maximize their own welfare, and that the government would do a be
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by nonidentified 8y ago
> public debt and public deficits are irrelevant Translation: Countries can incur as much debt as they want, because they can "print" their way out of it without harmful consequences. > inflation is the most important const
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by nonidentified 8y ago
TL;DR: MMT starts by saying that governments that manage their own currencies have unlimited spending ability – they can simply create money when they need it. And that's obviously true, to the extent that people are willing to accept
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by nonidentified 9y ago
This is a common economic fallacy. "A job guarantee (JG) is an economic policy proposal aimed at providing a sustainable solution to the dual problems of inflation and unemployment." However, it is economic consensus that inflatio