An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Timothy Taylor — 58 Episodes of Hyperinflation (Venezuela is #23)
For the record.
Conversable Economist 58 Episodes of Hyperinflation (Venezuela is #23) Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota
Obviously* then, the DEMAND for fiat should be MAXIMIZED and that means de-privileging banks and bank deposits over the use of fiat itself by everyone and FOR FREE for citizens up to a reasonable limit on account size and transactions per month at the Central Bank or Treasury.
*to maximize the SUPPLY of new fiat that may be created to advance the general welfare for a given amount of price inflation.
3 comments:
Obviously* then, the DEMAND for fiat should be MAXIMIZED and that means de-privileging banks and bank deposits over the use of fiat itself by everyone and FOR FREE for citizens up to a reasonable limit on account size and transactions per month at the Central Bank or Treasury.
*to maximize the SUPPLY of new fiat that may be created to advance the general welfare for a given amount of price inflation.
Waiting for Roddis to blame this on "socialism".
Roddis who said, "high taxes cause inflation."
Roddis is MIA.
Let's hope it is a permanent condition.
Post a Comment