ok we will agree to disagree on almost everything but im lost on this of point " MMT pushes asset prices higher " if your talking about QE ? that strips high yielding assets away from the economy and into the black hole that is the fed balance sheet thats the new Keynesian macroeconomists doing that and that does not inject money into the economy at all those reserves are eventually sent to bank vaults and never enters the economy except for clearing and cheqing purposes and it also trips away income from saving , thats the Keynesian's.
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- Charles Hugh Smith article on MMT (Modern Monetary Theory)
Charles Hugh Smith article on MMT (Modern Monetary Theory), page-5
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