Is there a logical limit to the Fed’s Making Up Money interventions?
Briefly – as in flash-in-the-pan Making Up Money under the guise of playing Modern Monetary Theory seems to work.
But, in the long run, is it viable?
And there’s strong economic reasons why MMT seems to work in the short run, but in the long run, malinvestment and economic distortions not only remain – they also grow.
If you like audio, though, you can right-click on some browsers (like MS Edge) and have the column read to you…

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