Damn I haven’t even started thinking about the inflation beyond the horizonhttps://twitter.com/garybasin/status/1254192962394886144 …
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MMT, bring it on.
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Go brr on its own won't necessarily do anything. Like in 08, lots of money was "printed" but wasn't let out into the rest of the economy. Banks didn't run wild lending, they actually reigned it in. I think future inflation comes from UBI/mass unemployment benefits, and onshoring
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In 2008 inflation from addl. money seemed to have been countered by other factors like higher productivity and deflationary trends in products like tech, food, and clothing. What level of money printing is too much? Any models that can help?
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The US exports is inflation. When we print money, our dollars go out of our country to buy foreign goods. Other countries have rampant inflation. The ticking time bomb is realizing they might dump the dollar. Putin and China are actively working on this and alternatives exist.
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