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Viewer Mail – Russia, Ukraine...And Noted Liberal George Washington | GoodFellows: John Cochrane, Niall Ferguson, H. R. McMaster | Hoover Institution

GoodFellows: Conversations from the Hoover Institution

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The Great Chicken Monopoly

A freedman got a lot right. His dictum that if you want inflation, just print money, throw it from helicopters and you'll get inflation. And i think that's basically what our government did in the pandemic and continuus to do. There's some more subtle issues about does it matter whether you throw money or government debt from helicopters? Does it follow that you can control inflation by soaking up money and issuing lots more government debt that people still don't know how it's going to get repaid? A heresy, modern monetary theory, lasts even less time than its critics foresaw. It doesn't seem that long ago that people like stephanie kelton were proclaiming a

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