Both #Peronism and Modern Monetary Theory claim that increases in the money supply do not cause #Inflation . But, as @alferdez turns on the printing presses to finance govt. spending, inflation in #Argentina rages. Today, I measured it at 131.27%/yr. Peronism and #MMT are rubbish.
#Nigeria ’s @cenbank . has lost control of the money supply. It has fluctuated wildly since 2016. As a result, Nigerian are buried in inflation. I measure it each day. Sleep @MBuhari , today I measure it at 35.75%/yr. This is over 2x the farcical official rate.
Nigeria’s @cenbank has allowed the money supply to fluctuate wildly & hasn’t been able to control inflation. Adding to the misery, #Nigeria 's gov. has imposed lockdowns and closed land borders, making #Food and #Fuel prices skyrocket. #Sleepy @MBuhari remains oblivious.
BREAKING: Michigan reached a settlement to pay $600M to victims of the #Flint water crisis. 25,000+ people were sickened by lead poisoning after the city changed its water supply to cut costs, including 5,000+ young children. Most money will go to younger plaintiffs.
The Federal Reserve has been increasing the supply of dollars at levels not seen in at least 40 years. Even the money pump during the 2008 financial crisis pales in comparison to today's central bank counterfeiting.
Where did Trump's tax cuts go? Last year, corporations spent more money on buybacks than they did on new investments in their business, according to a new report by Citigroup. So much supply-side nonsense about unleashing the "job creators."
Fossil fuel companies may seem to have a virtually unlimited supply of money and lobbyists in Washington, but together we can defeat them.