No, this is not the Onion.
Can't even spell the name "Modern Monetary Theory" right. OK, finance and economics is hard, but spelling?
Columbia Daily Tribune
Moderen [sic] Monetary Theory is unsustainable hypocrisy
Craig A. Van Matre, retired attorney formerly with Van Matre, Harrison, Hollis and Taylor
Thanks for the comic relief.
ReplyDeleteThis clown is so deluded that he thinks all of Congress is enamored with MMT. He thinks the US government runs on tax revenue, and that federal debt is the same as private debt.
He calls himself a retired attorney from Columbia MO.
Lead poisoning causes about 10% of intellectual disability in the USA. Evidently Columbia’s water is full of lead, whose effect on the kidneys and blood are generally reversible, but the effects on the central nervous system are not.
Poor bast*rd.
The U.S. Treasury could order the printing of $21.7 trillion of new dollars and pay off the total U.S. debt of that amount. Modern Monetary Theory considers the taxes that you pay to the IRS to be a device to control inflation, but otherwise is irrelevant. According to the theory, we can have it all: pay for all the new infrastructure we need, expand the military, pay for more social welfare programs, etc. All we have to do is print more money.
ReplyDeleteSo, what's wrong with that explanation? Funny money emissions have completely solved the problem of scarcity in the universe, right? Who knew?
As you can see, lead poisoning is not limited to Flint Michigan or Columbia MO.
ReplyDeleteAs you can see, lead poisoning is not limited to Flint Michigan or Columbia MO.
ReplyDeleteWhat I see is that MMTers simply lack the mental capacity to either engage or refute their critics.
What I see is that MMTers don't reduce themselves to buffoons by conversing with buffoons.
ReplyDeleteKonrad said...
ReplyDeleteWhat I see is that MMTers don't reduce themselves to buffoons by conversing with buffoons.
As a somewhat typical MMTer sidestep made to avoid engaging critics, that's still a pretty pathetic admission of your fear of engagement.
"All we have to do is print more money." No, MMT'er ever said that. There's no free lunch, you still need steel, concrete and workers to build a bridge. Someone's gotta do the work. So no, printing more money is not "All" we have to do, it just merely enables the putting of resources to work.
ReplyDeleteWe've come to this strange point, where we prefer to see our societies destroy themselves, despite having ample resources, because of some hyperinflation boogie man.