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She’s right
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local libertarian thinks 5% inflation is the holocaust
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What is paradigmatic MMT spending?
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MMT says that any govt (with own currency) is always free to undertake any amount of non-inflationary spending regardless of the size of the deficit either before or after. IE inflation is the balance point, not the size of the deficit.
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There are probably billions of unspent funds at the state and municipal level. That will really do a number on inflation once those start getting tapped in earnest.
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Why would it?
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True MMT would have had the stimulus focused on building out renewable energy?
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we basically turned the economy off and back on again; im not gonna categorically deny that the stimulus added to inflation but it’s absurd to solely blame CARES et al
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