by Summers is correct here but this is not monetarism it’s textbook MMT 101, ie too much fiscal and not enough real causes inflation… March net spending of an unprecedented 5B IN ONE MONTH (October just ended 0B) and several subsequent extreme months has caused the current “inflation!”…It's priceless to see the look on a CNN anchors face when they are exposed to the truth... like a vampire in the sunlight ?https://t.co/knqgSoCDOK— Bongino Report (@BonginoReport) November 12, 2021
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Summers is correct here but this is not monetarism it’s textbook MMT 101, ie too much fiscal and not enough real causes inflation… March net spending of an unprecedented $985B IN ONE MONTH (October just ended $500B) and several subsequent extreme months has caused the current “inflation!”…
It's priceless to see the look on a CNN anchors face when they are exposed to the truth... like a vampire in the sunlight ?https://t.co/knqgSoCDOK
— Bongino Report (@BonginoReport) November 12, 2021