How The Weimar Hyperinflation Really Went Down – And Why That Matters
2 million mark banknote, 1923.
Getty
Modern Monetary Theory — the dream that we can spend quite a bit more money on such government programs as the Green New Deal, a Universal Basic Income, or similar agenda items merely by printing the money (or the 2020 virtual equivalent thereof) — insists that the United States has much more “room” for spending-via-money-printing without triggering…
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