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#7 Steven Hail: Inflation, Price Shocks And Other Misunderstandings

The MMT Podcast with Patricia Pino & Christian Reilly

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Critique of Traditional Economic Theories

This chapter critiques traditional economic theories for their reliance on unrealistic assumptions, particularly the outdated belief in a barter-to-money evolution. It emphasizes the need for more accurate models that consider the true role of government and address the complexities of modern economic realities.

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