Given I presented a full analysis of the National Accounts release yesterday, I am calling today Wednesday and not writing much by way of blog posting, to give me more time to write other things th…
seems like any world in which people have the political, economic, cultural control of the various arms of the state to effectively do MMT is a world in which we don't actually need to do MMT.
Even if that's true, and I'm not sure it is, MMT is great for advancing the cause of socialism in the first place.
It's a direct answer to "how do you pay for it?" deficit scolds who want to pretend that the richest country on the planet can't afford universal healthcare.
It shows that deficit scolds in both parties don't really know what they're talking about (at least at the federal level), and criticizing Democrats from a non-chud perspective is the gateway to the left.
It ties in nicely with the idea that austerity economics is an ideological goal, not a sober approach to real problems.
Right now it's good and useful, even if in a socialist utopia we might discover it isn't needed.
seems like any world in which people have the political, economic, cultural control of the various arms of the state to effectively do MMT is a world in which we don't actually need to do MMT.
Even if that's true, and I'm not sure it is, MMT is great for advancing the cause of socialism in the first place.
Right now it's good and useful, even if in a socialist utopia we might discover it isn't needed.