- This can result in hyperinflation.
- It isn’t all that distinctive from regular economics.
The very first response moves from MMT’s rhetoric in regards to the federal federal government constantly having the ability to print additional money. The image of a federal federal federal government producing endless heaps of money to invest in whatever it would like to invest brings to mind Weimar-era wheelbarrows of money, as Larry Summers penned inside the review of MMT:
It’s not correct that governments can merely produce brand new cash to cover all liabilities coming due and default that is avoid. Read more