A good understanding of Market Monetarism would have gotten you to the same place and without all the goofy ideas about the irrelevance of deficits and debt
Huh? What market monetarists were you reading? Here's Scott Summer explicitly talking about why QE is not inflationary at the zero lower bound:https://www.mercatus.org/publications/explaining-quantitative-easing …
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That's the graf describing expanding the monetary base with positive real interest rates. Now read the next one describing QE at the zero bound. BTW, this gets to the problem with MMT. Substantially expanding the monetary base has different effects under different conditions
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No, he's arguing that QE is inflationary under certain conditions and not inflationary under others. And he's pointing out that you're ignoring the differences. He's right. You can't indefinitely print money/debt under any and all circumstances and never expect and inflation
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