Richard Murphy says:
October 15 2015 at 6:47 am
Almost too tedious to argue this one
First, I called it Green Infrastructure Quantitative Easing in any case
Second, like most people in economics, I had not heard of OMFG when I wrote it
Overt monetary financing of government. Aka, debauching the currency.
And Ritchie actually admits that when he’s been thinking big thoughts about how to change the world he’s actually ignorant of the subject under discussion? Seriously, just never even heard of the multiple occasions when government has tried to finance itself by said debasement of the specie? Not even third century Rome, Henry VIII, Weimar, Hungary and the pengo?
None of them?