The American Conservative
Modern Monetary Theory For Conservatives
Jonathan Culbreath
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About what one would expect.
Culbreath, like most “mainstream” economists, misidentifies inflation as a "rise in the price levels." But rising price levels are an effect, not a cause, of inflation. Inflation is the very act of money creation by a central bank.
Same old, same old. End the Fed.
Contrary to proponents of MMT, inflation’s pernicious effects are not limited to times of “full employment.” Instead, they are felt any time the central bank artificially lowers interest rates.
He must have been asleep for the last decade.
No, Conservatives Should Not Embrace MMT
Ron Paul
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