Tuesday, October 2, 2018

Atrios on MMT

Former economics professor (at Penn, I believe):  MMT
I sort of ranked these in order of things that are close to being objectively true to things that liberals believe (which are probably also true!). The explicitly political element is that conservatives and the mainstream media which incorporates basically incorrect beliefs use deficit and inflation fears to implement their agendas. It is true that they hate inflation but they exaggerate these fears to make sure they win on the issue, and as we know, nobody really cares about the deficit.

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