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>There's a good argument that in our high reserves world, interest is actually inflationary.

How's that working out with Turkey?




It will probably work out just fine as they become a key player in European LNG.

Turkey couldn’t have serviced their debt with rising interest rates and continued government spending on expansion.

Being inflation averse makes sense when you can’t reasonably make use of funds. It’s not clear how much of that is actually related to the business cycle and how much is related to MMT, regardless of what adherents would have you believe.




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