The advocates of "modern monetary theory" (MMT) which is actually medieval monetary hypothesis (MMH), that government should print print print money then spend spend spend, are possibly happy with the new trend of rising inflation in many countries because their real leftist goal is hyper inflation and destruction of economies.
Inflation rate (%) Oct. 2020 to April 2021, G7 countries except Japan. I will include Japan in the next chart.
North East Asia plus India. Japan deflation continues while S. Korea, Taiwan and China experience rising inflation. India has erratic trend.
The ASEAN-6, same trend of rising inflation except Indonesia. What is Pres. Jokowi doing that is right?
We prepare our pockets with double whammy from governments -- rising inflation rates today, rising taxes and fees tomorrow.
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See also:
Macroecon 2, Modest growth in Q1 2021, some Asian countries, April 30, 2021 |
Macroecon 3, Five quarters of consecutive Philippines GDP contraction, May 11, 2021
Macroecon 4, Q1 2021 GDP of Europe, SE and NE Asia, May 22, 2021.
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