Archive for MMT
Did I Ever Predict Hyperinflation?
[Ironic UPDATE below.] One of the standard criticisms of guys like Peter Schiff (and lesser mortals such as me) is that we’ve been falsely calling for hyperinflation for a few years now. For example, Krugman repeatedly rips Schiff on this score, and links people to a Google search of “Peter Schiff hyperinflation 2009.” (Incidentally, I […]
Read moreI’m Sorry, I Still Fail to See Why We’re In a Deflationary Trap
Apparently taking Krugman’s side in the inflationista/deflationista debate, MMTer regular MamMoTh in the comments points us to this chart: Like I said, MamMoth seems to think the above chart should somehow embarrass the Austrians worried about inflation. I have to confess, I’m not seeing how soaring commodities, with silver and gold at the head of […]
Read morePotpourri
* Aristos sends this video of a policeman telling people he’d pulled over that he should have executed them. It’s true that the offense (threatening to kill them) isn’t as bad as in plenty of other videos we’ve showcased, but this one makes the cut because the people are being fairly cooperative. (I.e. in the […]
Read moreAre Government and Private Debt Different?
This idea has been zooming around the geeconosphere. Krugman et al. keep telling us, with eyes rolling, that the Republicans (and even that poor ol’ hoodwinked Obama) are nuts when they say things like, “In tough times when families are tightening their belts, the government should do the same.” Now this always troubled me, for […]
Read moreMurphy Finally Gets Some Respect from the MMT Camp
Details here. (I have the 11th comment.)
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