It’s not a meaningful economic reform theory if it doesn’t include a plan for replacing the current economic-financial managerial elites. They’re gonna cantillon their way out of all accountability and consequences as the first order of business leaving dregs for reform energy.
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“I suppose we could get ride of one or two of the tea ladies” — Humphrey Appleby.
All reform that assumes initial leadership continuity ends with a few tea ladies being laid off.
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MMT is not about printing money. It's about using fiscal policy (and use less monetary policy). Stop going by the headlines. By the way how is the money printing going by those non-MMTers holding the levers?
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This is wonderfully and painfully accurate. And also, basically unachievable in the US context given that the only federal institution of widespread bi-partisan acceptance is the apex of the econ-fin-managerial elite and committed to free money to prevent liquidation.
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