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Modern Monetary Theory For Conservatives — Jonathan Culbreath

Summary:
Good article.The American ConservativeModern Monetary Theory For ConservativesJonathan CulbreathSee alsoAbout 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.Mises WireNo, Conservatives Should Not Embrace MMTRon Paul

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Good article.

The American Conservative
Modern Monetary Theory For Conservatives
Jonathan Culbreath

See also

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.

Mises Wire
No, Conservatives Should Not Embrace MMT
Ron Paul
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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