Martin Armstrong

The Fallacy of MMT

The world is in a deflationary trend. The dollars are in HIGH demand because it is going nuts everywhere else. The increase in the supply of dollars has NOT been inflationary only because the world is sucking them up. They do not understand the demand is global, not domestic. Remember the Money Plane? Skids after skids were being shipped outside the USA of $100 bills to supply the demand worldwide. When that demand shifts, their entire theory of MMT will blow up in their face. QE is not proof that what they propose can work. They are ignoring the international trends that are supporting the dollar right now.