[derektank]

“Stephanie Kelton: Have you considered the possibility that raising rates might move inflation higher?

Jason Furman: No”

Covid really exposed who did and did not understand what they were doing.

[JumpCrisscross]

> Covid really exposed who did and did not understand what they were doing

Who, in your reading, is the dummy in that exchange? (And what does it have to do with MMT following post-Covid inflation.)

[derektank]

Kelton is a leading proponent of MMT and while I wouldn’t call her a dummy, she and other MMT proponents work themselves into pretzels trying to pretend inflation isn’t a serious problem that needs to be addressed by policymakers.