MMT advocates, where are you? Hello? Hello?

Modern Monetary Theory advocates, who claimed that government could spend without concern for deficits, have gone very quiet. They argued that inflation could be easily controlled, mostly by issuing bonds to soak up the excess money.

Well folks, you got your spending. Now deal with the inflation. Right now, please. That means not only stopping QE, but moving to Quantitative Tightening (QT) by divesting the Fed of its enormous pile of Treasuries. Cat got your tongues?

By reality, on February 18, 2022 at 3:36 am, under Asset Classes, Debt, Economics, Financials, Fixed Income, Government, Inflation & The Dollar, Manias, Rogues and Rascals, Saving & Investment, Strategy & Scenarios, The Fed, The Fisc. No Comments
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