Also worth a look: Central Bank Myths (about inflation) Drag Down the Global Economy. The economics that justifies the draconian "inflation fight" really is bunk. Excerpt: "World Bank chief economist Michael Bruno and William Easterly asked, “Is inflation harmful to growth?” With data from 31 countries for 1961-94, they concluded, “The ratio of fervent beliefs to tangible evidence seems unusually high on this topic, despite extensive previous research.”
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Here's a detailed explanation by a Modern Monetary Theory founder, Stephanie Kelton. The bottom line: Social Security's enabling l...
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