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Some have called it slavery; others accuse supporters of fascism or communism. Some claim we want to destroy the safety net. Others say we want to destroy capitalism.
The answer to both questions posed in the title is, I think, a big fat no.
As Carney and others lay their proposals out on the table so that we can see what kind of government they want, the reaction by most people is sheer horror.
A response to John Carney’s published works because I think they are the most cogent MMT critiques the Austrians have to offer.
MMT is not just for advocates of big government. I have always been surprised that some of the most vehement critics of MMT are libertarians and Austrians.