Democracy & Profligacy: Will MMT Destroy the World? Part III

Part I, Part II Part III continues with Edmond’s first three examples: New Zealand throughout the 1980sFrance in the early 1980sIsrael mid 1980s hyperinflation France For starters, as in the cases in Part II, we see the twin oil supply inflationary events of the 70s/early 80s. In France, there is a steady and sharp decline … Continue reading Democracy & Profligacy: Will MMT Destroy the World? Part III

Democracy & Profligacy: Will MMT Destroy the World? Part II

[Continued from Part I]In Part One I ask:Name examples where peacetime, politically stable countries (with no foreign-currency denominated debt) have ever spent themselves into inflation? I received a first potential case, the so-called "Barber Boom" in the UK in the early 1970s (which of course segued into the global inflationary spikes of the the two … Continue reading Democracy & Profligacy: Will MMT Destroy the World? Part II