An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Cue theme from The Twilight Zone....
Good thing these evil regimes no longer have to worry about being "revenue constrained". Perhaps there is a very good reason why regimes should ALWAYS be "revenue constrained".
Unfortunately, the only constraints are resource-based.
"Perhaps there is a very good reason why regimes should ALWAYS be "revenue constrained"."Or perhaps not. But the point is moot anyway because they are not.Who is gonna create the munnie instead? I agree military spending should be cut, but imposing ridiculous limits to waste resources makes no sense.
People create money voluntarily. "Lord Keynes" has basically conceded the hopelessness of the "chartalist" (state money) cause. http://socialdemocracy21stcentury.blogspot.com/2016/03/george-selgin-versus-david-graeber-on.htmlThat gift exchange and debt–credit exchanges preceded the creation of money only further bolsters Austrian analysis.
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