Because the same morons who thought printing more money would work were behind agricultural decisions. Both policies were rooted in the intellectual thought process known as wishful thinking.
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There are a multitude of examples where debt financed by the magic money tree lead to inflation, hyperinflation, and/or economic catastrophe.
The US isn’t immune to the stupidity of MMT.
This says nothing of why the hyperinflation happened. The majr fall of production created inflation and came first. The money printing only compounded the issue but came 2nd and was not the genesis.
So the orthodox economists who’ve been calling for the demise of the U.S. because of their debt are correct? Do they revisit their predictions and try and find out what they have gotten wrong?
On climate 20 years on, climate change projections have come true
Of who? The brainwashed right-wingers on this forum? That consensus. If that’s the case, I’m in good company.
Since the debt has been growing, purchasing power of the average person has gone way down. Inflation has had periods of being way up (especially the last couple of years), creditors are downgrading the US dollar rating, the distance between the rich and the poor is growing, the middle class is barely existent any longer…
No way any of that’s tied to the debt at all 
Again, lack of a certain outcome happening on your prescribed timeline does not preclude that outcome from occuring.
Your hand must work hard keeping you warm at night.
It isn’t just the timeline. It’s the arbitrary nature of the tenants of MMT. It’s the most laughable economic theory every constructed.
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Yeah, that too.
I was speaking more broadly about any outcome really.
MMT is championed by those rooted in academia who have never actually produced anything and likely make most of their money through insider trading (cough Elizabeth Warren cough)
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You’re missing the point as usual. If MMT were true then Zimbabwe should have been able to print as much of their sovereign currency as needed to buy food. Instead, they had hyperinflation and had to literally abandon their currency.
That’s the whole issue. You think we can just print USD whenever we want to cover all debt as if debt holders will just continue accepting diluted USD forever. It’s INSANE.
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How in the fuck would that combat inflation? Damn.
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Yes, it should surprise no one that the people pushing the money printer go brrrrr theory have never produced a single good or service, ever, and believe in cradle to grave entitlements that can only be paid for with said economic theory or massive taxation. It’s a tiny handful of academics and politicians.
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And zepstoli. I’m certain he’s neither of the above.
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They would be able to purchase products again. Damn!
Ahhh…no. As usual you don’t understand it at all You need major deprogramming. The lack of production caused the inflation not money printing.
If production levels are up. It is lack of production not money printing.
And what is arbitrary?
And this really matters w/ a fiat currency.
Sometimes, I think there’s no way you’re as stupid as you seem. Other times, like the current, I believe it.
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You yourself previously posted a graph that showed the increasing gap between the wealthy and the average income.
The point where that graph diverges is exactly the same point as the switch to a fiat currency….
It’s almost as those in position to benefit from a fiat currency the most did, while setting in motion the ability to perpetually screw over everyone else.
Fiat currency does not mean immunity to the consequences of deficit spending
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Again you have never answered why production showed be maximized or how one should say the potential short term benefits of lower inflation (maybe) against the long term screwing over the planet.