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Now it rises from the dead as MMT.
Indeed. It was generated by wartime financing, lack of wartime security of gold, and the defaults of war-losing governments. Not by pseudoscientific macroeconomic gibberish.
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We have a new bazooka for this zombie!
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MMT is novel in 1 thing. It intends to use the most rotten & corrupt process since forever: taxation as a control valve for money supply based on ill-defined measure of inflation as input. Expect even worse outcome.
End of conversation
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Would you have taken a different course?
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