Inflation

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Joshua Mawhorter

Modern Monetary Theory is a perfect example of, “Do as I say, not as you do,” rather than, “Do as I say, not as I do.” MMT rightly points out some hypocrisy, but wants to replace it with more hypocrisy.

Kristoffer Mousten Hansen

Hans Hoppe recently criticized Argentina‘s President Javier Milei for not closing the country‘s inflationary central bank. In response, Milei claimed that doing so would result in hyperinflation. Given the central bank prints lots of pesos, shutting it obviously would decrease inflation.

Jonathan Newman

It‘s obvious that a new influx of money will not immediately bring about changes in enough prices to significantly alter a price index. Even so, there are immediate effects of the new money.

Frank Shostak

Mainstream economists define “inflation” as general increases in consumer and producer prices. Yet, such a definition misses why prices increase in the first place and why inflation should be described as an artificial increase in the money supply.

Frank Shostak

The standard Keynesian line is that the government can shorten recessions by using fiscal and monetary “stimulus.” However, as Austrian economists note, ratcheting up government spending only makes things worse, setting the stage for the next economic downturn.