If we can't get the rich to pay for all this democratic socialism the Left would give us these days, then how are we going to pay for it? Up pops that other current bright idea, modern monetary theory: We just print the money and go spend it. It is actually true that nobody has ever had socialism paid for by the rich, so it's good to have an alternative idea out there. It's even true that modern monetary theory works, in theory.Variant of the noble lie.
The only problem is when we add in these odd people, us humans, it fails.
Washington Examiner
Can we just inflate the economy into paying for socialism?
Tim Worstall
1 comment:
He's a bigwig at the Adam Smith Institute, a neoliberal (formerly libertarian) think tank and lobbying group.
Clearly no agenda here. I'll bet Roddis polishes his shoes.
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