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MacroVoices #294 Luke Gromen: The U.S. Government Cannot Afford Secular Inflation

Macro Voices

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M M T Is the Most Inflationary Thing Possible

The usual prescription for fighting inflation is higher interest traits. Does it really work that way, that interest rats follow inflation? It seems to me like there's really no good remedy for inflation that central banks have in their quiver. I think the last bullets they have left is by repeating that it's transitory. And obviously that bullet, you know, they've fired that a few times and are now sort of being forced to admit by events that it wal maybe it's not exactly transitory.

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