Is MMT Real? #4: J.W. Mason
RABBITHOLE
00:00
Inflation Isn't Just About Buying Goods and Services
More stuff is being bought than can be produced in many cases but even that's not the only thing because again you can have what you know we sometimes call it an initial inflation prices are rising. Getting a balanced budget is not the goal to deal with bottlenecks in masks or something right? We're talking about a big advanced relatively closed economy like the U.S. It doesn't necessarily mean we're trying to buy more total goods and services inflation might well start with Bottlenecks shortages of specific strategic goods in the economy.
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