MMP Blog #41 Responses
Comments and responses on the Modern Money Primer Part 41.
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.
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.
As an accurate description, this part of MMT should be accepted by anyone, no matter what their theoretical, political, or ideological persuasion.
Any time there is an MMT post, the comments are dominated by conspiracy theorists, haters of government, goldbugs, and victims of alien probings who are certain that MMT-ers are united in their effort to ramp up government until it consumes the entire economy.