{"id":29567,"date":"2022-04-03T22:42:12","date_gmt":"2022-04-04T02:42:12","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=29567"},"modified":"2022-04-03T22:42:12","modified_gmt":"2022-04-04T02:42:12","slug":"a-free-lunch-for-me-but-not-for-thee","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2022\/04\/03\/a-free-lunch-for-me-but-not-for-thee\/","title":{"rendered":"A Free Lunch for Me, but Not for Thee"},"content":{"rendered":"<p>Stephanie Kelton&#8217;s <em>The Lens <\/em>has the post <a href=\"https:\/\/stephaniekelton.substack.com\/p\/a-free-lunch-for-me-but-not-for-thee?s=r\" rel=\"noopener\" target=\"_blank\">A Free Lunch for Me, but Not for Thee<\/a>.<\/p>\n<blockquote><p>\nAn ill-reasoned take on MMT\n<\/p><\/blockquote>\n<p>Finally MMT proponents address why we have inflation now, but not before.  I already had this figured out months ago, so I am not surprised.  I wonder how many people just took the observation that  the Fed was creating money like mad without creating inflation to mean there were no circumstances where there could be inflation.  I warned MMT proponents to explain exactly why there was no inflation before, and why there might be inflation under other circumstances.  They essentially told me to shut up.  Why was I concentrating on explaining why there was no inflation.  I could see the cause and anticipate the change, but you cannot wake people up until disaster happens.  I know this &#8220;I told you so&#8221; will not win me any friends. I also know that the next time I have to warn people, they will pay me no heed.  At least I try to protect myself from the disasters I can foresee.  I can only have sympathy for those who can&#8217;t see what&#8217;s coming.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stephanie Kelton&#8217;s The Lens has the post A Free Lunch for Me, but Not for Thee. An ill-reasoned take on MMT Finally MMT proponents address why we have inflation now, but not before. I already had this figured out months ago, so I am not surprised. I wonder how many people just took the observation [&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-29567","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\/29567","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=29567"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29567\/revisions"}],"predecessor-version":[{"id":29568,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/29567\/revisions\/29568"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=29567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=29567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=29567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}