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Modern Monetary Theory in Inflationary Times

Cato Podcast

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The Arguments for Raising Taxes at This Point

Are there tiers calling for higher taxes at this point? I think there are, but not directly as a way to address inflation. If we looked at thea average household, or some measures of household budgets, or household wealth, went up quite a bit than when there was a lot of cash going to individuals throughout the economy that wasn't getting spent. Just because high p high profits are bad, of course, so we must tax them away.

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