MMT Is mostly about “using word games to make people believe that the US can have Northern European levels of government spending without Northern European levels of taxation.”https://www.peoplespolicyproject.org/2019/02/24/whats-the-point-of-modern-monetary-theory/ …
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Replying to @GeorgeSelgin
MMT is a convoluted argument through absurdity leading to the tacit conclusion that we'll end up with Bitcoin. ...
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Replying to @Outsideness @GeorgeSelgin
... Public monetary and financial authorities have been subsumed into lunatic religious cults.
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Replying to @Outsideness @GeorgeSelgin
... Under Macro mismanagement, government money is finally fully captured by the magical categories of Manifestations and Disappearances. "Don't worry, it's all a trick!"
6:25 PM - 26 Feb 2019
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