• sloonark@lemm.eeOP
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    1 year ago

    I’d be really interested to see policies based on MMT in practice.

    • Meltbox@lemmy.world
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      1 year ago

      You mean where they actually tax people and don’t just do the printing part? Yeah me too.

      I don’t love taxes but I do suspect the fastest way to crush inflation is up taxes and not interest rates. Although Im not a fan of how much interference there is in bond markets from rate setting. I don’t think it’s really that healthy either.

      I mean based on fed actions I think traders have stopped trying to do price discovery and treat rates as a simple given. But it’s really just a given because everyone has agreed it is. In theory if the market panics en masse the fed would eventually run out of ammo to control it. I think.