Oreo cookies, Ritz crackers and Sour Patch Kids will be more expensive in 2022, Mondelez CEO Dirk Van de Put told CNBC Tuesday.
MMT theorists have said the government can print how ever much money it needs. The past two years, we’ve been doing the experiment and its turning out as expected: high inflation.
The solution to high inflation is NOT government subsidies, which is the model adopted by Congress. Subsidies increase demand by those who receive subsidies, discourage producers from innovating and improving efficiency, lead to more money printing and devaluing of the dollar (hence, more inflation).