No it’s just more complicated than just print more.
Effectively the monetary supply is limited by the productive capacity/economic output of the country. If the nation or system doesn’t have enough output to cover new currency, it causes inflation as effectly 2 dollars are being used to represent the value of 1 dollar of work.
It’s basically what China does, right? I remember a while back someone calling China a “currency manipulator” with the force of a slur, so I assume it’s the kind of thing that really pisses off free market fetishists
It relies on the idea that, since the government can ‘print money’ to pay the interest on debts, it can borrow freely. What do you expect the lenders to do in response?
isn’t mmt bullshit? Not saying conventional economics is good though
No it’s just more complicated than just print more.
Effectively the monetary supply is limited by the productive capacity/economic output of the country. If the nation or system doesn’t have enough output to cover new currency, it causes inflation as effectly 2 dollars are being used to represent the value of 1 dollar of work.
It’s basically what China does, right? I remember a while back someone calling China a “currency manipulator” with the force of a slur, so I assume it’s the kind of thing that really pisses off free market fetishists
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Have yet to hear a credible reason mmt is bullshit.
The most accurate macroeconomic model is only 55% accurate.
It relies on the idea that, since the government can ‘print money’ to pay the interest on debts, it can borrow freely. What do you expect the lenders to do in response?