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Keynesian Central Banking Is Very Bad—But MMT Would Be An Outright Catastrophe

Summary:
If we attempt MMT, it will end the US dollar’s reserve currency status and produce out-of-control inflation. That will essentially destroy the Boomer generation’s ability to retire with anything like most envision today. https://davidstockmanscontracorner.com/?p=336372&preview_id=336372&preview_nonce=daf78e7dee&preview=true

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If we attempt MMT, it will end the US dollar’s reserve currency status and produce out-of-control inflation. That will essentially destroy the Boomer generation’s ability to retire with anything like most envision today.

https://davidstockmanscontracorner.com/?p=336372&preview_id=336372&preview_nonce=daf78e7dee&preview=true

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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