Comment Comment by thedudeabides5 MMT is pretty simple.Run inflation higher than interest rates to push down the nominal value of debt.Usual example is the UK after WWII.https://fred.stlouisfed.org/series/CPIIUKAYou don't need hyper inflation to inflate away your debts, just enough monetization to bring indebtedness in line.Now, does that mean the currency will retain value vs real assets, no it means the opposite.Hence the move in stocks, real estate, bitcoin, gold, etc; parent thedudeabides5 5 years ago
Run inflation higher than interest rates to push down the nominal value of debt.
Usual example is the UK after WWII.
https://fred.stlouisfed.org/series/CPIIUKA
You don't need hyper inflation to inflate away your debts, just enough monetization to bring indebtedness in line.
Now, does that mean the currency will retain value vs real assets, no it means the opposite.
Hence the move in stocks, real estate, bitcoin, gold, etc;