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Red MMT

@RedMMT

Teoría Monetaria Moderna - Trabajo Garantizado - Pleno Empleo - Estabilidad de Precios
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Un país PIIGS youtube.com/channel/UCP9jt… Joined June 2011
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Red MMT @RedMMT
Homilia de Juan Rallo pidiendo sacrificios.

Varios errores: 1. el ahorro no se encauza a la inversión; es solo su registro contable.
2. Desconoce la paradoja del ahorro.
3. Teoría de los fondos prestables.

Los sacrificios que pregona no sirven para nada.
Partitocrazy Verified account @partitocrazy 21h
Lección 983403843: la economía no mejora porque se consuma más.
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Red MMT @RedMMT
Almost never is
Lars Christensen @MaMoMVPY 2d
INFLATION IS STILL A MONETARY PHENOMENON

I have looked at 42 countries since December 2019. For each one I compared how much faster broad money has grown than the real economy with how high inflation has been.

The slope is 0.50 – one percentage point more money growth a year has meant roughly half a percentage point more inflation.

R² is 0.57 – differences in money growth explain 57% of the differences in inflation across countries.

The countries that printed the most money got the most inflation. Switzerland and Japan, where money barely outgrew the economy, got the least.

The US sits just above the line. The euro area sits almost on it.

So forget supply chain disruptions and greedflation – that was always nonsense. Supply shocks change relative prices. They do not create years of broad-based inflation across 42 countries.

It is money, and it still is. Nominal spending remains excessive across the world, and that is what is keeping inflation elevated everywhere.
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