Mosler on current inflation...the MMT response
Posted: Fri Oct 21, 2022 7:27 am
Given the confusion and chaos in the markets I was curious about Warren Moslers perspective on our 'inflation' situation. The popular narrative has been to blame this 'inflation' on the MMT crowd so I wanted to see his defense being that he is probably one of the leading figureheads of this particular economic school of thought. Once again, he impresses with clarity.
Everyone else I listen to doesn't make as much sense as he does. One thing in particular that I find surprising is that his comments on oil have been largely absent from all political and media dialogue on the subject...or at least very poorly explained and laid out for the public. It's astounding to me that the fundamental pricing structures of the worlds most important commodity is not understood at all by the vast majority of people including, it seems, to our leaders
Here's the interview:
https://youtu.be/pP0875cGbew
Everyone else I listen to doesn't make as much sense as he does. One thing in particular that I find surprising is that his comments on oil have been largely absent from all political and media dialogue on the subject...or at least very poorly explained and laid out for the public. It's astounding to me that the fundamental pricing structures of the worlds most important commodity is not understood at all by the vast majority of people including, it seems, to our leaders
Here's the interview:
https://youtu.be/pP0875cGbew