{"id":23973,"date":"2017-02-19T10:29:02","date_gmt":"2017-02-19T15:29:02","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=23973"},"modified":"2017-02-19T10:29:02","modified_gmt":"2017-02-19T15:29:02","slug":"why-not-answer-the-inflation-question","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2017\/02\/19\/why-not-answer-the-inflation-question\/","title":{"rendered":"Why Not Answer The Inflation Question?"},"content":{"rendered":"<p><em>Bloomberg<\/em> has the interview <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2016-05-12\/can-the-u-s-print-money-to-pay-down-the-national-debt\" target=\"_blank\">Can the U.S. &#8216;Print Money&#8217; to Pay Down the National Debt?<\/a><\/p>\n<blockquote><p>\nL. 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&#8217;s Joe Weisenthal on &#8220;What&#8217;d You Miss?&#8221;\n<\/p><\/blockquote>\n<div style=\"text-align:center\">\n    <iframe src=\"https:\/\/www.bloomberg.com\/api\/embed\/iframe?id=86ff6467-eb83-419f-b1e8-8d36548a3394\" allowscriptaccess=\"always\" style=\"border:thick ridge #009900;\"><\/iframe>\n<\/div>\n<pre class=\"plain\">\r\n<\/pre>\n<p>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&#8217;t happen or unlikely to happen, the skepticism is not allayed. He sounds like he is evading the question. Why can&#8217;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?<\/p>\n<p>In my previous post <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2017\/02\/15\/establishing-the-validity-of-the-modern-money-model\/\" target=\"_blank\">Establishing The Validity Of The Modern Money Model<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg has the interview Can the U.S. &#8216;Print Money&#8217; 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&#8217;s Joe Weisenthal on &#8220;What&#8217;d You Miss?&#8221; The trouble with this interview is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-23973","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/23973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=23973"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/23973\/revisions"}],"predecessor-version":[{"id":23974,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/23973\/revisions\/23974"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=23973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=23973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=23973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}