An idea now that “the experiment was run and it failed”

Within academic and business circles circa 2018–2020 the hot item of discussion was MMT. Stephanie Kelton was, like, all over the place in the media and on the internet.

Notice that that tidal wave has receded.

Now it’s more like: “Oh, well” . . .

https://www.youtube.com/watch?v=89JWQQIahtQ

For some years some people said: “Won’t money printing be inflationary?” But it didn’t seem to be.

Now it seems to be.