MMT advocate in the pits

The Fed Actually Needs "Controlled Inflation" To Maintain Market Stability

So in that environment where you see a large fiscal expansion supported by an aggressive central bank, with the intent to alleviate the debt burden for society overall. That definitionally you'd have to have higher inflation because the policy objective, actually would be to create inflation, meaning it would be to debase the enormous pile of debt that had come to burden the economy and do that through, you know, through just issuing more debt, stimulating the economy, creating deeply negative real interest rates, and ultimately debasing the currency. So those things just they seemed inevitable. And, you know, I don't wanna say thankful that's how it's played out. Certainly, thankfully for our portfolios. But, I think it's neither good nor bad. It's just was kind of an inevitability.