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.
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Thursday, July 30, 2020
How the JG Controls Inflation NeilW
Good short summary of how the MMT JG is designed to work as a stabilizer.
1) Price inflation sure beats price deflation since the latter rewards risk-free fiat hoarding.
2) So long as price inflation is produced ethically (e.g. via an equal Citizen's Dividend) and is not excessive then why should we care about controlling it?
1) Price inflation sure beats price deflation since the latter rewards risk-free fiat hoarding.
ReplyDelete2) So long as price inflation is produced ethically (e.g. via an equal Citizen's Dividend) and is not excessive then why should we care about controlling it?