Anonymous ID: b9cf36 May 15, 2020, 2:49 p.m. No.9190782   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

Muh Modern Monetary Policy (insanity unhinged).

 

โ€œWeโ€™ve had a merger of monetary and fiscal policy,โ€ Paul McCulley, former chief economist at PIMCO, tells Bloomberg. โ€œWeโ€™ve broken down the church-and-state separation between the two.โ€

 

With a core tenet of Modern Monetary Theory now seeing de facto implementation, the conditions for broad price accelerations are seemingly in place. โ€œWe are witnessing the โ€˜great monetary inflationโ€™ โ€” an unprecedented expansion of every form of money unlike anything the developed world has ever seen,โ€ Paul Tudor Jones, head of Connecticut-based Tudor Investment Corporation, wrote in his latest investor letter. โ€œHigh debt accommodated by money printing is difficult to banish. Inflation expectations could one day respond to this reality.โ€