#MMTConf19 @StephanieKelton revolutions don’t come from changing the answer, but from changing the questions. Mainstream asks “how are you going to pay for it?” MMT asks “how are you going to resource it?”
-
-
Replying to @DeficitOwls @StephanieKelton
Do you have reading suggestions that discuss resource allocation in MMT? I've read the Primer and a few essays and this is one of the sticking points for me, particularly whether it is prone to abuse given decision making is likely to be politicised
1 reply 0 retweets 1 like -
Replying to @MrGrahamAr @StephanieKelton
I’m not quite sure how to respond here. Say a little more about your question?
1 reply 0 retweets 1 like -
Replying to @DeficitOwls @StephanieKelton
If money is just a tool for organising society then if schools need funds we can fund them, gov needn't to balance accounts, just allow real resources where needed. What prevents over allocating to schools at expense of say hospitals. How is "how much" defined in MMT?
2 replies 0 retweets 1 like -
Replying to @MrGrahamAr @StephanieKelton
This is just politics, isn’t it? We have so many national resources; at full employment, we have to make trade offs. We have a political process to make those decisions. I don’t think MMT changes this part.
1 reply 0 retweets 4 likes -
Replying to @DeficitOwls @StephanieKelton
So if my concern is whether removing budgetary constraints aids political abuse since it is easier to obfuscate/miscalculate availability of real resource than affordability, the crux is whether "how are you going to resource it?" is sufficient to keep politicians honest
2 replies 0 retweets 0 likes
You’ll be waiting a long time for an answer to that one
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.