
280: Steve Hanke - Decoding the Drivers of Inflation and Markets
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Rising Debt, Government Spending, and Modern Monetary Theory
This chapter delves into the concerning trend of rising debt to GDP ratios globally, especially in the United States, and the economic unsustainability it poses. It explores the challenges in measuring government spending effectiveness, highlighting issues of inefficiency and wastefulness. The debate over Modern Monetary Theory (MMT) is discussed, with strong criticism against its proponents and concerns raised over the impact of government deficits on inflation rates.
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