- This can result in hyperinflation.
- This really isn’t all that distinct from regular economics.
The reaction that is first from MMT’s rhetoric concerning the federal government constantly to be able to print more income. The image of a national federal government creating endless piles of money to invest in whatever it desires to invest brings to mind Weimar-era wheelbarrows of cash, as Larry Summers had written inside the review of MMT:
It isn’t correct that governments can easily produce brand brand brand new cash to pay for all liabilities coming due and prevent default. (mer…)