• @[email protected]
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      3512 days ago

      No it’s just more complicated than just print more.

      Effectively the monetary supply is limited by the productive capacity/economic output of the country. If the nation or system doesn’t have enough output to cover new currency, it causes inflation as effectly 2 dollars are being used to represent the value of 1 dollar of work.

      • @[email protected]
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        712 days ago

        It’s basically what China does, right? I remember a while back someone calling China a “currency manipulator” with the force of a slur, so I assume it’s the kind of thing that really pisses off free market fetishists

    • @oakey66
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      1312 days ago

      Have yet to hear a credible reason mmt is bullshit.

      • @HeyThisIsntTheYMCA
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        711 days ago

        The most accurate macroeconomic model is only 55% accurate.

      • @[email protected]
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        -211 days ago

        It relies on the idea that, since the government can ‘print money’ to pay the interest on debts, it can borrow freely. What do you expect the lenders to do in response?