While people are dying of a pandemic and economic consequences, the smart people are talking about how Martians might repo Earth.
While people are dying of a pandemic and economic consequences, the smart people are talking about how Martians might repo Earth.
I have a lib friend who is apparently turning into a debt/deficit hawk. It's really annoying tbh.
Now that the libs are in power they need an excuse for not doing anything to help people.
If you can get them to read anything, try this.
He explicitly disagrees with MMT, actually, so it wouldn't help even if I managed to convince him to read it.
In theory it could address whatever criticisms he has of MMT, but yeah, he might just be a lost cause on this issue.
Even via orthodox modern neoclassical economics debt/deficit hawkery isn't necessary, you might want to use Japan's debt to GDP ratio for example. Don't need MMT, and MMT has its own flaws.