How EVIL GOV’T doesn’t print enough and uses unemployment to control inflation

NAIRU often you will hear FAKEMMTERS refer to this term. NAIRU (Non Accelerating Inflation Rate of Unemployment) that some how EVIL GOV’T doesn’t print enough and uses unemployment to control inflation.

As you can see in the chart below, Japan has UR of 2.2% and still no inflation in sight! A ridiculous assertion when rates are still accommodating at 2%, over 155 milli8n working, JOLTS less than 1, 6.7 million jobs with 6.3 million looking for a job, UR in US 3.8% and 3.4% prime age 25 to 54 with 90% full time jobs and real wage growth.

As Edward Delzio (author of a The National Deb(it)) recently stated “There are Lots of moving pieces with inflation. Which is why all MMTers get squeamish talking about it and always contradict themselves. For example, MMTers will say ‘print print print not to worry it’s ok as long as there’s no inflation.’ Then when there is a hint of it, and the Fed wants to keep the party rolling but let some steam out of the pressure cooker (raise rates a little), FAKEMMTers say ‘Oh look, there they go again, they want to intentionally throw people out of work!'”

Japan rate.

#FAKEMMTERS who do not understand inflation are politically driven, always bashing America as not good enough, and really do not understand real world macro economics. Which is why there are always cryptic messages that next revision will show a recession since 2015 or longer. They are baffled why the economy is in the longest job expansion in history and why next year this time we will be in the longest economic expansion in history!

Think about that! People who do not understand real world economics are 9ffering you prescription medicine to a fictitious disease. That is some real witch doctor voodoo shit!

That is why they sound ridiculous to be calling for a Soviet style Job Guarantee during the longest job expansion in history!

2 thoughts on “How EVIL GOV’T doesn’t print enough and uses unemployment to control inflation

  1. One might wonder why, after hearing MMTers saying ‘the deficit is too small’ for years, are these same MMTers not happy that annual federal deficits are soon projected to reach $1T…

    One might wonder why, after hearing MMTers saying ‘we should lower taxes or increase spending depending on your politics’ for years, are these same MMTers not happy that taxes were just lowered AND spending has increased…

    One might wonder why, after hearing MMTers saying ‘we need to raise the standard deduction’ to provide relief to all families, are these same MMTers not happy that the standard deduction was just raised…

    Until it hits you, that it isn’t ridiculous for them to be calling for a federal ‘Job Gulag’ during the longest private-sector job growth in history, soon (June 2019) to be the longest economic expansion on record (and maybe even the longest bull market ever as well),
    because they are not pure MMTers…

    (it has nothing to do with economics for them).

  2. I blame Obama for the US Employment problem! Clearly it’s all his doing not Trump?))

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