"The real point of MMT seems to be to deploy misleading rhetoric with the goal of deceiving people about the necessity of taxes in a social democratic system." https://www.peoplespolicyproject.org/2019/02/24/whats-the-point-of-modern-monetary-theory/ … ...
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... Or, less delicately, it's the form of High Magic required for the central public functions of an advanced fascist state.
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... If I was a senior functionary in a contemporary fascist regime running a massive fiat funbux scam, I'm not sure how thrilled I'd be to see the MMT wonder-kids standing on the street corner saying: "Watch, as I pull it out of a hat!"
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... The 'traditional' ordering of monetary and financial authorities, with their respective responsibilities, is essential to the ceremony. Otherwise it's too obvious how the con is being run.
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... One thing that should be beyond all serious question -- entrusting any government with mystery monopoly powers over money creation/destruction is inconsistent with liberty in even its most pitifully diminished sense.
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Replying to @Outsideness
Private banks effectively create money from air every time they issue a loan, and extinguish it when loans are paid. That seems worse than a mystery/monopoly of govt creating money.
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"Worse" seems a stretch. But yes, fractional reserve banking is inherently fraudulent.
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