this post was submitted on 08 Feb 2025
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MMT is popular among politicians because it makes money seem free, but reality gets in the way when countries increase their printing and inflation goes up.
Except you have the order reversed, especially with recent inflation where inflation happened before the increase in monetary supply.
More often than not inflation under sovereign monetary issues is solely due to outside forces, not money supply.
Covid inflation didn't happen before the increase in money supply.
It certainly did, inflation started right before the lockdowns started in response to the market shock from the rumors, and hasn't stopped or massively slowed. It was not higher during the various stimulus packages or giveaways.