Venezuela next? - See link Posted: Jan 17th, 2019 - 7:52 am In Reply to: Read about the Weimar Republic and inflation. When you - print money with reckless abandon,
The rising popularity of modern monetary theory (MMT) has inevitably brought misconceptions. Critics across the political spectrum often claim that MMTers want sovereign governments to “just print money” with no concern for the national debt or, as Max B. Sawicky suggests, inflation. Some, especially on the Right, point to Venezuela and Zimbabwe as classic cases of hyperinflation.
But MMT points to a different primary cause of inflation in developing countries: not domestic spending, but foreign debt and a resulting lack of “monetary sovereignty.”
LINK/URL: Venezuela next?
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