Inflation was the predictable result of the Fed's massive M2 expansion. I predicted it to you nearly three years ago. If Uncle Sam could just write checks, pay off all bond holders, and end weekly Treasury auctions, why don't they do it? I'm thinking Beijing & Tokyo might object since the dollars they would receive would be functionally…
Inflation was the predictable result of the Fed's massive M2 expansion. I predicted it to you nearly three years ago. If Uncle Sam could just write checks, pay off all bond holders, and end weekly Treasury auctions, why don't they do it? I'm thinking Beijing & Tokyo might object since the dollars they would receive would be functionally worthless. MMT and its variants have been tried from time to time for centuries. The end result is always the same and it is not positive.
Inflation was the predictable result of the Fed's massive M2 expansion. I predicted it to you nearly three years ago. If Uncle Sam could just write checks, pay off all bond holders, and end weekly Treasury auctions, why don't they do it? I'm thinking Beijing & Tokyo might object since the dollars they would receive would be functionally worthless. MMT and its variants have been tried from time to time for centuries. The end result is always the same and it is not positive.