The Sleight Doctor 🃏🍉 on Nostr: nprofile1q…cx9tq nprofile1q…kt0ps For once, we somewhat disagree! The monetarist ...

nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqg0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4mstcx9tq (nprofile…x9tq) nprofile1qy2hwumn8ghj7un9d3shjtnyd968gmewwp6kyqpqxn93y37uhtugjz523y402pmuzct9f2dtspf6cz3s44jwx4e4tk9qskt0ps (nprofile…t0ps) For once, we somewhat disagree! The monetarist view that expanding the money supply is always inflationary is overly simplistic: in order for there to be runaway inflation, there has to be too many pounds sterling chasing too fews goods and services. In other words, where there is unused 👉🏼productive capacity👈🏼 in your economy, national spending can't add to inflation. If we have the raw materials, willing and able workforce, ecological space etc., we can always afford it.