#029 Andy: Inflation. Spend Less? Spend More? Stop? RadioMMT
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Central banks are sent to battle inflation, equipped only with "nuclear-interest-rate-bombs". How might the federal government take a more nuanced approach? Should it stop spending, spend less, spend more?Maybe it should take note of the three-Cs of managing inflation -- causality, capacity, & creativity -- as heard only on RadioMMT, in this conversation with Andy the data analyst. Shownotes"MMT in a post-COVID world", ANZ On Air, July 2021 Fadel Kaboub, MMT economist Andy's graph takes the wind out of the mainstream argument that government deficit spending always triggers inflation. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.
Central banks are sent to battle inflation, equipped only with "nuclear-interest-rate-bombs". How might the federal government take a more nuanced approach? Should it stop spending, spend less, spend more?Maybe it should take note of the three-Cs of managing inflation -- causality, capacity, & creativity -- as heard only on RadioMMT, in this conversation with Andy the data analyst. Shownotes"MMT in a post-COVID world", ANZ On Air, July 2021 Fadel Kaboub, MMT economist Andy's graph takes the wind out of the mainstream argument that government deficit spending always triggers inflation. Theme MusicPleading Ignorance, by Ed Kuepper, from the album Starstruck. Additional AudioToo Many Things, by Ed Kuepper, from the album Starstruck.