MMT argues that government printing money isn’t inflationary, and inflation can be controlled with taxes. Argentina had massive inflation while spending and taking on debt, and magically it’s gone down as measures to stop that spending were implemented.
In what way is Argentina inconsistent with MMT?
MMT argues that government printing money isn’t inflationary, and inflation can be controlled with taxes. Argentina had massive inflation while spending and taking on debt, and magically it’s gone down as measures to stop that spending were implemented.
It’s 2.7% a month, which puts the inflation at 32%.
And that’s still the lowest it’s been since 2021.