Cullen has agreed to respond to 3 of my points of my choosing. So here they are.
1) In Hyperinflation Explained in Many Different Ways I would like him to respond to the section, Modern Monetary Theory and Monetary Realism.
2) In my Hyperinflation FAQ, the comment, "Can't we wait till there are signs of inflation before doing anything?".
3) In my Hyperinflation FAQ, the comment, "How is hyperinflation stopped?".
Cullen replied here. Thanks Cullen!
Cullen, if you are rejecting the MMT view that government bonds are part of the money supply then how can you logically keep their claim that when the central bank makes new money and buys up bonds that it is “just an asset swap”. Their logic was that if bonds are already money then swapping for money does not change the quantity of money. If bonds are not money then making new money and buying bonds is “monetization”, replacing government debt with money. So if you reject their view on bonds, how can you keep saying it is “just an asset swap”?
Cullen, I really meant for you to respond to my answers for the FAQ questions, not just the questions themselves.
In my FAQ the parts that I wrote are the answers. So to respond to me should have been responding to my answers. Instead Cullen just looked at the questions. I called him on it and he ignored me.
He answered part 1 but when I point out a logical flaw in his position he does not address it and says, "I am pretty busy today so maybe another time". Cullen then responds to 7 other comments in that thread. I call BS. Cullen is not really debating with me.