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The Theory Of MMT Falls Flat When Faced With Reality (Part I)

06/29/2020

Prior to 1998, inflation was measured on a basket of goods. However, during the Clinton Administration, the Boskin Commission was brought in to recalculate how inflation was measured. Their objective was simple – lower the rate of inflation to reduce the amount of money being paid out in Social Security.

Since then, inflation measures have been tortured, mangled, and abused to the point where it scarcely equates to the inflation that consumers deal with. 

https://www.zerohedge.com/economics/theory-mmt-falls-flat-when-faced-reality-part-i

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