Comments by "Mark Welch" (@markwelch3564) on "Does MMT say we can spend without limit?" video.

Only if you give it to people who already have money, as then they will use the extra capital to outbid others for assets, pushing prices up Use the new money on infrastructure investment, and the money doesn't affect existing asset prices. If it does, it brings asset prices down - for example, if you use the money to build houses, you increase the supply which makes housing less scarce How you use new money makes a big difference. Trussonomics will cause instability, but infrastructure investment won't
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@RichardEnglander prices go up if you have more money budding for the same assets If you create assets with the money, you're creating assets in balance with new money This assumes that tax policy is also being used as a balance to prevent inflationary bidding behaviour on existing assets
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This is what Richard said - you can print money to create jobs and build infrastructure The covid bailouts printed money, but effectively gave it all to supermarket owners and landlords, who used it to push prices up on property and shares This is the difference - building infrastructure expands the economy, while giving it to the already wealthy just gives the wealthy more power to push up the prices of existing assets
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