MMT puts me in mind of this observation by Friedrich Engels in 1892.pic.twitter.com/UcYRRt1zKC
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To deny MMT is to say quantitative easing never happened and I don't want to let the banks off the hook for that.
Seriously Jeet? Greenspan to Ryan regarding SS “insolvency risk”: Nothing prevents the government from creating as much money as it wants to and paying it to retirees. Limit on gov spending is availability of real resources and inflation: https://m.youtube.com/watch?v=m6MGX1AKFm4 …
You: Paul Ryan is correct that a our sovereign currency issuing government can become insolvent. The Fed and Treasury are wrong
. St Louis Fed:pic.twitter.com/oVKreVIaHf
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