wow, a lot to unpack here (not good, mischaracterisations of MMT)
would first and foremost highly suggest talk with someone like , , or even to better understand MMT and inflation dynamics w money supply
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mostly the problem is that seems to be looking at USD as just a token rather than understanding endogeneity of money, banking system, and the special role of central govt with fiat
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the fundamental observation - that inflation is being sponged by crypto, meme stocks, and luxury goods is not wrong.
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whenever talking about these things it really demands having a firm grasp of the nature of money. you can't treat USD like some token with a supply that gets increased. this is like, Austrian econ babble approach
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wait ok so why exactly does that analogy not work at all?
I understand there are a lot of parts to the dollar and that's only one of them, but I *do* fundamentally think that monetary policy changes impact the effective circulating USD which in turn impact USD based markets...
check out Warren Mosler (often the easiest to read when starting out learning what MMT really is) 7 Deadly Innocent Frauds of Economic Policy
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hm that all seems intuitive and not clashing with the model in my mind that generate my tweet thread to me?
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USD is created and destroyed all the time, day to day, from commercial banks creating loans (endogeneity of money...), repayment of loans, taxes, govt spending
QE though, is not what you think it is (MMT != QE by )
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