To be clear once again, I think Trump’s tax plan is totally mad and I have no confidence that he knows how to run an economy. But on this point he’s correct, and we ought to give credit where it’s due.Benjamin Studebaker
Donald Trump Gets Something Right: The US Can Avoid Defaults by Printing Money
Benjamin Studebaker
ht Yves Smith at Naked Capitalism
1 comment:
Too much inflation will have s negative effect on pensions and savings, and so could backfire by lowering demand when a large percentage of the population gets its spending power reduced. Although this could be offset in a MMT world because the government would help pensioners and the poor more.
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