[dtwest]

How is that in validation of MMT?

We ran a huge deficit this year supporting the economy during covid. We are also seeing a spike in short term inflation and a weaker dollar. Treasury bond yields remain low but there is increasing speculation that decades of low rates could soon reverse.

Also are you attributing all value generated by Bezos's or Musk's companies to only them? What about all of the great people they employ?

[paulpauper]

Even in spite of all this Covid spending, the US dollar is only back to where it was in 2018.

https://www.cnbc.com/quotes/.DXY

Short term inflation is rising, but this has more to due with supply and outputs being constrained due to Covid and inflation rising from an abnormally low base. Many pundits and experts underestimated how quickly things would come back, even with the help of stimulus. I think having rising inflation and a booming economy is preferable to a weak economy and low inflation.