To MMT the printing of money is only inflationary when a country doesn’t have additional productivity. Thanks to digital products and services though l, production is nearly infinite. Others argue that all printing of money is inflationary.
The Fed only really has interest rates as a tool, so they raise it when inflation goes up. It can fight inflation by slowing lending, which thanks to fractional reserve banking is the primary source of money being printed/created.
Seems I need to read up more on the specifics of MMT. It feels like you keep contradicting yourself between your posts, but maybe I’m just missing something?
To MMT the printing of money is only inflationary when a country doesn’t have additional productivity. Thanks to digital products and services though l, production is nearly infinite. Others argue that all printing of money is inflationary.
The Fed only really has interest rates as a tool, so they raise it when inflation goes up. It can fight inflation by slowing lending, which thanks to fractional reserve banking is the primary source of money being printed/created.
Seems I need to read up more on the specifics of MMT. It feels like you keep contradicting yourself between your posts, but maybe I’m just missing something?