Too much “Hamilton”.
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Dangerous idea that’s time has come. It’s the flip-side of UBI. Neo-Keynesian financial socialism needs a giving hand as well as a taking hand. It’s going to be *really* popular in political circles though, so get to know it.
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A thread on problems with MMThttps://twitter.com/ideafaktory/status/1100436533151256577?s=20 …
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MMT is a silly idea. But wheres the alternate vision for people to sign on? The current system is clearly bullshit, and just arguing against MMT comes across as arguing for the status quo. That's a doomed strategy.
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I know what it is but wtf is mmt better fits my knowledge
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I think that MMT is an interesting reframe with two major truths: (1) It's the real economy stupid, and (2) monetary/fiscal policy is just fiat power by abstracted means.
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My interactions with their community have been pretty poor so far. It seems like MMT is adding epicycles to essentially do automatic Keynesian spending (via jobs guarantee, etc.) / taxing the rich / externalities.
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Aren’t answers B&C highly overlapping? Vote for “Unsure, worth 20-year experiment” Probably not that much different than current debt payments via new sovereign debt for nations > 100% GDP debt. Japan should go first.
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They kinda already have
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