Inflation Killed the Democrats at the End of the Day

People voted out the Democrats because inflation increased their cost of living. No matter how much economists told everyone that the markets are amazing and that they shouldn’t complain, they did.

This now puts a damper on any MMT-like economic model where “debt can be inflated away” (yes, I heard people use that exact phrase), because a country can print as much money as it wants.

Any government that (has the FED) prints too much money will most likely lose their seats. Not that it needed saying to this crowd, but I hope this is the nail in the coffin for this bunk economic theory.