While the government can technically print money, it then has to tax people more to prevent inflation
No, it doesn’t, this is a well-repeated lie from neoliberalism, but there is no experimental correlation between government spending (or debt) and inflation. It’s specially funny how we’re literally living through a severe inflationary period today with energy prices as consequence of the Iran war, and people keep blaming inflation on currency issuing. I repeat: there is no experimental data proving a correlation between currency issuing and inflation, inflation correlates primarily with supply shocks, and you’ve lived through this over the past 5 years twice.
This doesn’t mean that governments should create infinite money, just that the spending limit shouldn’t be dictated by balances when it comes to public institutions.
“money doesn’t matter” “let’s build a utopia out of hopes and dreams”
Huh? I explicitly said money does matter, I’m discussing monetary policy, not disregarding it. Also, utopia? What part of “issuing more currency” sounds utopian to you? Governments literally do this all the time… when it comes to funding wars, unfortunately. I’m yet to see a neoliberal economist complain about extra funding in EU or US for weapons over the past years in the grounds of inflation. Almost as if it wasn’t real, and it was just bullshit neoliberal dogma designed to keep welfare down.
not taxes thrown blindly at corporations or pocketed by corrupt politicians
I’m literally a communist, you don’t have to convince me of struggle against private companies and corrupt politicians.
No, it doesn’t, this is a well-repeated lie from neoliberalism, but there is no experimental correlation between government spending (or debt) and inflation. It’s specially funny how we’re literally living through a severe inflationary period today with energy prices as consequence of the Iran war, and people keep blaming inflation on currency issuing. I repeat: there is no experimental data proving a correlation between currency issuing and inflation, inflation correlates primarily with supply shocks, and you’ve lived through this over the past 5 years twice.
This doesn’t mean that governments should create infinite money, just that the spending limit shouldn’t be dictated by balances when it comes to public institutions.
Huh? I explicitly said money does matter, I’m discussing monetary policy, not disregarding it. Also, utopia? What part of “issuing more currency” sounds utopian to you? Governments literally do this all the time… when it comes to funding wars, unfortunately. I’m yet to see a neoliberal economist complain about extra funding in EU or US for weapons over the past years in the grounds of inflation. Almost as if it wasn’t real, and it was just bullshit neoliberal dogma designed to keep welfare down.
I’m literally a communist, you don’t have to convince me of struggle against private companies and corrupt politicians.