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Modern Monetary Theory in Inflationary Times

Cato Podcast

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Is There a Need for Fiscal Stimulus?

We're, by most measures, i would say, close to full employment. They need to start raising interest rates and slowing the rate of growth of the money supply. This kind of broad stimulus is is part of the problem. People are spending a lot of money in different ways thain the past. And so more fiscal stimulus is, would be a really bad idea right now.

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