WARREN MOSLER | Modern Monetary Theory

Wed am recap

Mainstream economics says: Get inflation right and that ‘automatically’ optimizes long-term growth and employment. Adding to demand with a negative supply shock turns a ‘relative

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Changing Tides

I’ve been thinking that when the Fed turns its attention to inflation it will find itself way behind that curve, which it is by any

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Yellen the Dove on inflation

“Inflation is a problem,” she said. Yet the problem isn’t excessive demand, rising wages, or a tight labor market, but “negative supply shocks.” Once the

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Money (USD)

My take on the USD: It was at a level based on foreigners wanting to accumulate $70 billion per month which also = the US

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