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Since apparently Bosh Jarro is confused again:
1) MMT says relevant constraint on govt spending is inflation
2) BUT govt spending isn't the only source of inflation. So not all inflation = proof of excessive govt spending.
3) there are a range of ways to combat inflation 1/x
1) MMT says relevant constraint on govt spending is inflation
2) BUT govt spending isn't the only source of inflation. So not all inflation = proof of excessive govt spending.
3) there are a range of ways to combat inflation 1/x
4) one way of combatting inflation is via taxation.
5) BUT there are other ways of combatting inflation as well. So not all inflation requires or is best addressed by raising taxes.
6) ultimately inflation is a context specific problem with a context specific solution
2/x
5) BUT there are other ways of combatting inflation as well. So not all inflation requires or is best addressed by raising taxes.
6) ultimately inflation is a context specific problem with a context specific solution
2/x
7) it's possible to implement automatic stabilizers to significantly counteract inflationary potential of large govt spending programs
8) it's also possible to channel new govt spending in ways that reduce, not increase, inflationary pressure
9) these are still not...
3/x
8) it's also possible to channel new govt spending in ways that reduce, not increase, inflationary pressure
9) these are still not...
3/x
9) (cont'd) ... Substitutes for a comprehensive anti-inflation program.
10) a comprehensive anti-inflation policy regime should include both AND other taxes AND credit policy AND other tools.
11) it isn't that fucking hard. Journalists like Bosh Jarro can and should do better.
10) a comprehensive anti-inflation policy regime should include both AND other taxes AND credit policy AND other tools.
11) it isn't that fucking hard. Journalists like Bosh Jarro can and should do better.
