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.
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Sunday, February 3, 2013
Neil Wilson — Government borrowing explained: a guide for urine drinkers
Government spending is just like the pre-treatment of water. It is an artificial intervention into the natural system that stops people and businesses dying unnecessarily. It is why we have an advanced economy rather than all of us having to stew our own cowpat juice.
No. Government spending is like the big rancher poisoning the stream of the little guy to drive him off and steal his land.
We all understand your argument. The people who reject the Magic Money Tree are not stupid. They just know that the whole MMT scam is baseless, without any basis in history, fact or logic.
Government spending is just like the pre-treatment of water. It is an artificial intervention into the natural system that stops people and businesses dying unnecessarily. It is why we have an advanced economy rather than all of us having to stew our own cowpat juice.
ReplyDeleteNo. Government spending is like the big rancher poisoning the stream of the little guy to drive him off and steal his land.
We all understand your argument. The people who reject the Magic Money Tree are not stupid. They just know that the whole MMT scam is baseless, without any basis in history, fact or logic.