- 07 Aug 2022 02:15
#15241947
MMTers will tell you that the current inflation has little to do with the size of the stimulus spending.
The SF Fed put out a study that calculated that just 0.3 percentage points of the current (this was about a year ago IIRC) 7% inflation came from the Gov. spending. Why everyone just ignored that report is beyond me. Now I would say that the vast amount of it is caused by corporate greed (incl. OPEC), and to a lesser amount by the Ukraine War, with supply chains a distant 3rd.
However, if somehow the dollar did suffer from hyperinflation, this would wipe out all the debts of the poor nations along with all other dollar debts.
.
The SF Fed put out a study that calculated that just 0.3 percentage points of the current (this was about a year ago IIRC) 7% inflation came from the Gov. spending. Why everyone just ignored that report is beyond me. Now I would say that the vast amount of it is caused by corporate greed (incl. OPEC), and to a lesser amount by the Ukraine War, with supply chains a distant 3rd.
However, if somehow the dollar did suffer from hyperinflation, this would wipe out all the debts of the poor nations along with all other dollar debts.
.