Carlitos Wrote: I've been posting a lot about MMT recently. It's basically all I'm interested in.
As is usual, there's push back from people that don't understand how the monetary system works and buy into the fears of hyperinflation.
Let me preemptively deal with their historically inaccurate argument about the Weimar Republic.
#1) Hyperinflation did not lead to Hitler. The deflation that followed hyperinflation period did.
Anyways, here's an article about German hyperinflation in 1923.
Germany's 1923 Hyperinflation: A "Private" Affair by Stephen Zarlenga
"Discussions of the dangers of inflation inevitably end up at the worst-ever case known - the German hyperinflation of 1923. Accompanied by economists' moralizing warnings of the dire results of governments' printing paper money, the German hyperinflation is used as a horror story by those who advocate a plutocratic control over money. However (as in other cases), when the monetary facts are actually examined, the argument falls apart as it becomes clear that the bankers themselves and speculators were the primary cause of the German hyperinflation, which was not stopped until the government took decisive action against them."