Bloomberg has the interview Can the U.S. ‘Print Money’ to Pay Down the National Debt?

L. Randall Wray, a professor of economics at Bard College and a senior scholar at the Levy Economics Institute, discusses the U.S. national debt and inflation with Bloomberg’s Joe Weisenthal on “What’d You Miss?”

The trouble with this interview is that Wray never addresses what the government would and should do if inflation ever got out of hand. When he just says can’t happen or unlikely to happen, the skepticism is not allayed. He sounds like he is evading the question. Why can’t he just talk about how an inflation problem would be solved? There are good answers, why does he fight so hard to avoid giving them?

In my previous post Establishing The Validity Of The Modern Money Model I suggested that a direct answer to the questions of inflation would go a long way in quelling the doubts of the skeptics. If you are a skeptic, please read that previous post and tell me if it helps.