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How to fix the economy
(lemmy.world)
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this post was submitted on 08 Feb 2025
475 points (96.7% liked)
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this could be one of those bell curve memes where the low end and high end are the moron/jedi guys saying “just print more money” and the middle of curve has a freshman Econ student trying to explain macroeconomics.
The world is run by middle-of-the-curve people.
As someone two standard deviations above the mean height, the tyranny of the average is real
Yeah but I hella refuse to see Yellen as a Jedi.
😂
She's like a prequel Jedi councilor
Yeah it's not as simple as just printing more money and not changing anything else, but she's right
Very good observation. On the high end of that bell curve, there's Modern Monetary Theory (MMT): https://en.wikipedia.org/wiki/Modern_monetary_theory
Yeah, exactly what I was thinking. Like, it isn't quite as simple as "print $1m for everyone and they can all go out and buy Ferraris." But, there are plenty of situations where the government can just print the money and it won't cause inflation or any other harmful effects.
There's a line from (I think) a Tyler Perry movie that goes "The only thing reparations will do is make Cadillac the best selling car in the country."