Wednesday, September 18, 2019

Money From Nothing: Democrats' Socialism for Free — Richard Porter,


This is interesting from the point of view of evolution of MMT criticism.

It's not the same old "printing money" argument but a refurbished one that at least attempts to get what MMT says, even though it fails. I think that it is more likely ill-informed rather than intentional caricature.

But it does indicate that the opposition is realizing that it has to deal with MMT in a way that appears serious rather than back of the hand, just dismissing as "obvious" nonsense.

So I would count this as a sign of progress.

RealClearPolitics
Money From Nothing: Democrats' Socialism for Free
Richard Porter, Illinois’ national committeeman to the RNC

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