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What Bailey fails to understand is that what he is calling "printing money" is not more inflationary than running bond sales the way we do now. In fact, the opposite is almost certainly the case. https://twitter.com/Reuters/status/1246847716753317890">https://twitter.com/Reuters/s...
What Bailey fails to understand is that what he is calling "printing money" is not more inflationary than running bond sales the way we do now. In fact, the opposite is almost certainly the case. https://twitter.com/Reuters/status/1246847716753317890">https://twitter.com/Reuters/s...
If he disagrees, then he is disagreeing with a lot of people (MMTers and non-MMTers alike). @stf18 and I laid it out here https://ftalphaville.ft.com/2013/12/12/1721592/guest-post-the-helicopter-can-drop-money-gather-bonds-or-just-fly-away-3/
Non-paywall">https://ftalphaville.ft.com/2013/12/1... version here http://neweconomicperspectives.org/2013/12/krugman-helicopters-consolidation.html">https://neweconomicperspectives.org/2013/12/k...
Non-paywall">https://ftalphaville.ft.com/2013/12/1... version here http://neweconomicperspectives.org/2013/12/krugman-helicopters-consolidation.html">https://neweconomicperspectives.org/2013/12/k...
@paulkrugman did it here https://krugman.blogs.nytimes.com/2013/12/09/helicopters-dont-help-wonkish/?smid=tw-NytimesKrugman&seid=auto&_r=0">https://krugman.blogs.nytimes.com/2013/12/0...
@LHSummers says it here https://www.youtube.com/watch?v=c1rZNhNS81k">https://www.youtube.com/watch...
