Global Feed Post Login
Replying to Avatar Michael Snoyman

I read half a book on Modern Monetary Theory. I couldn’t stomach more. The basic premise was “since we print money as a nation, debt isn’t a problem because we can always print more money,” with some caveats about inflation as if it was a crazy extreme corner cases of money printing we’d have to try really hard to hit.

The scariest thing about the book: if you grant the premises of Keynesian economics and the veracity of fiat currency, the conclusions make perfect sense. Just shows how absolutely insane the current monetary order is.

Avatar
halalmoney 1y ago

A key flaw is that the politicians and bureaucrats who are carefully calibrating the money supply adjustments are the same bunch of people who are entrusted with accurately monitoring the inflation statistics.

Reply to this note

Please Login to reply.

Discussion

No replies yet.