Paul Krugman has recently offended the Modern Monetary Theorists.
He argues that having the government create more money is more inflationary than having the government create more bonds. There is a good argument and a bad argument for his case.
Paul Krugman has recently offended the Modern Monetary Theorists.
He argues that having the government create more money is more inflationary than having the government create more bonds. There is a good argument and a bad argument for his case.
Posted in charts, Economics, Financial Sector, whimsy
Tagged banks, deficits, MMT, seignorage income