by The biggest names in finance all have an opinion on the polarizing theory, but not a plan. This article has some real concerns about MMT causing inflation, but it says traders should get ready for it because it could be coming.The article seems to be saying is that the general public - and students - should stay lumbered with enormous debt to keep inflation down.But the new fiscal spending should help grow the economy to soak up the extra money so there won't be too much, or any, inflation.The economist, Philip Soos, recently tweeted- I'm vaguely amused at those who criticise #MMT yet they almost always peddle pseudo-scientific falsehoods as their financial models are blatantly wrong: the financial intermediation and fractional reserve theories, among others. #MMT is a correct theory of
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The biggest names in finance all have an opinion on the polarizing theory, but not a plan.
This article has some real concerns about MMT causing inflation, but it says traders should get ready for it because it could be coming.
The article seems to be saying is that the general public - and students - should stay lumbered with enormous debt to keep inflation down.
But the new fiscal spending should help grow the economy to soak up the extra money so there won't be too much, or any, inflation.
The economist, Philip Soos, recently tweeted-
I'm vaguely amused at those who criticise #MMT yet they almost always peddle pseudo-scientific falsehoods as their financial models are blatantly wrong: the financial intermediation and fractional reserve theories, among others. #MMT is a correct theory of the financial system.
Muir sees MMT as a way to shift gains from Wall Street to Main Street. “Monetary stimulus with fiscal austerity doesn’t do anything except make the rich richer,” he wrote. “MMT is novel, ambitious, and a little bit scary. I get it. But let me let you in on a little bit of a secret – young people aren’t afraid of trying something new. They know the system isn’t working and are desperately looking for an alternative.”
Bloomberg