Whatever Paul Krugman is for- do the opposite. Profit.
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The Tale of Two Monetary Theories
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I'm with Warren!
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So MMT is basically "Just print more money." Right guys?
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Imagine if you will it worked so well for the Germans and Venezuelans and countless others.
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Maybe my main pinned tweet post will help ? I’d love to be challenged on this idea
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Academia is very good at cloaking insanity with big words and references to past academics in order to make whatever crazy idea seem legitimate, credible and important.
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But the U.S. does not "print" money. All money is borrowed first, then spent. If all money is debt, then your entire money supply will always be smaller than what is owed.
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Under MMT, what is the purpose of a central bank? It just seems like debt slavery with extra steps.
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