The Modern Monetary Theorists Have Been Very Misleading

For some people, libertarians especially, there's been a lot of banging the drum of inflation for forty years. And so we had two % inflation with that, just unbelievable gain in debt. So maybe the inflation hacks were over playing their hand too much in the last forty years. Yes, absolutelyabsolutely. The reason we have modern monetary theorists is because we have both monetary hawks and deficit hawks who have grotesquely exaggerated the er risks involved in either deficit spending or money creation.