We once again see that MMT ("Modern" Monetary Theory) is 100% wrong. Milton Friedman wins again.
"Inflation is always and everywhere a monetary phenomenon."
Don't let modern economic hacks fool you.
"Inflation is always and everywhere a monetary phenomenon."
Don't let modern economic hacks fool you.
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Milei once again proves Austrian Libertarian economics is Voodoo!Austrian economics leans heavily on a priori reasoning — logic-based deduction — instead of empirical testing.
They claim economic laws can be derived from pure logic (praxeology), but that’s not how the real world behaves.
Human action is messy, irrational, and adaptive — not perfectly rational and predictable through theory alone.
It’s philosophy pretending to be science. No testability = no falsifiability = no progress!
No Different than MMT or Old Currency Guess (OCG) Voodoo!
Now Argentina needs $60 billion bailout. Surprise! SMH!
Real Macro Economic Investing
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Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.