{"id":28459,"date":"2020-04-18T16:09:44","date_gmt":"2020-04-18T20:09:44","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=28459"},"modified":"2020-04-18T16:23:03","modified_gmt":"2020-04-18T20:23:03","slug":"manhattan-project-to-prevent-hyper-inflation","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2020\/04\/18\/manhattan-project-to-prevent-hyper-inflation\/","title":{"rendered":"Manhattan Project to prevent Hyper-Inflation"},"content":{"rendered":"<p><em>New Economic Perspectives <\/em>has the article <a href=\"http:\/\/neweconomicperspectives.org\/2020\/03\/manhattan-project-to-prevent-hyper-inflation.html\" rel=\"noopener noreferrer\" target=\"_blank\">Manhattan Project to prevent Hyper-Inflation<\/a>.<\/p>\n<blockquote><p>\nThis is not, however, what is happening now with the fight against the Coronavirus\u2014and the desperate effort by governments to put money in the pockets of people who can\u2019t work and businesses who can\u2019t open their doors to customers. So, while we\u2019re discovering first hand and in real-time that, yes, sovereign currency issuing governments can, in fact, just create money so they can spend it\u2014without having to collect it back in taxes, either now or in the future\u2014we are also laying the groundwork for causing the hyperinflations described above: \u201cA significant and general collapse\u201d of our business and employment framework is happening before our eyes, while our government feverishly dishes out cash.\n<\/p><\/blockquote>\n<p>The diagnosis of the problem describes what I worry about.  The solutions suggested in the article are misguided.  When you give people money to spend, the productive capacity of the country must create the goods and services that people want to buy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Economic Perspectives has the article Manhattan Project to prevent Hyper-Inflation. This is not, however, what is happening now with the fight against the Coronavirus\u2014and the desperate effort by governments to put money in the pockets of people who can\u2019t work and businesses who can\u2019t open their doors to customers. So, while we\u2019re discovering first [&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-28459","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\/28459","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=28459"}],"version-history":[{"count":2,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28459\/revisions"}],"predecessor-version":[{"id":28461,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28459\/revisions\/28461"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=28459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=28459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=28459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}