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isn’t mmt bullshit? Not saying conventional economics is good though
No it’s just more complicated than just print more.
Effectively the monetary supply is limited by the productive capacity/economic output of the country. If the nation or system doesn’t have enough output to cover new currency, it causes inflation as effectly 2 dollars are being used to represent the value of 1 dollar of work.
It’s basically what China does, right? I remember a while back someone calling China a “currency manipulator” with the force of a slur, so I assume it’s the kind of thing that really pisses off free market fetishists
