Replying to Avatar BottleTeams

That's the actual textbook MMT view. "Prices go up because people think prices are going up" - they think it's all psychological. That's actually what their books say.

Posting fake inflation numbers and propaganda reiterating that inflation is low is all part of constructing that reality. It's like Santa Claus at Christmas; all the adults play along and the kids believe the magic. Santa is at the mall and the propaganda is everywhere so all the kids believe.
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William ₿ Travis 11mo ago

Powell did actually say that "modern theories" tell us about inflation. He literally referenced MMT in the presser knowing that most people would have a clue about what he meant.

He is going to die on the hill that he can control the money supply.

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BottleTeams 11mo ago

I don't think he actually believes that, he's not an academic he's a private equity guy. Probably a bitcoiner. He has to play the part and he's not that smart. Just an actor.