Keith Evans
Dec 16, 2022

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I don't think you understand MMT at all. "Printing money" is not a good choice of phrasing, as "all" money is created from debt on the government's ledger sheet (Treasury) and becomes someone's monetary asset in the private sector (FED).

Inflation is not automatically a result of increasing the money supply, which is the net effect of deficit spending. You stubbornly resist the fact that the federal government is not like any other entity that only "uses" the nation's currency in commerce.

The difference between them and the "currency-issuer" is vast, and almost always has opposite results in the private sector economy. It's deficit is our surplus and the only source of NET MONEY in the economy that can net retire private sector debt without the need for constant GDP growth.

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Keith Evans
Keith Evans

Written by Keith Evans

Meandering to a different drummer.

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