MMP Blog #52: Conclusion: The Nature of Money
Let us close this blog and this Primer with an examination of three propositions on the nature of money. This has been a long and difficult blog. You might need to read it twice. Or three times.
Free Market
MMP Blog #51: The Efficiency Fairy and Inflation Goblins
The main objections to MMT are the belief that adoption of a fiat money necessarily leads to high inflation and perceived government inefficiency. Let’s expose these boogeymen.
MMP Blog #41: MMT for Austrians Part 4: Is Description Without Theory, Ideology or Policy Desirable? Is it Even Possible?
The answer to both questions posed in the title is, I think, a big fat no.
MMP Blog #40: MMT for Austrians 3: How Do YOU Propose We Deal with the Elderly, Disabled and their Debts?
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.
MMP Blog #38: MMT for Austrians
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.
Your Money or Your Life
The function of government itself once it’s privatized is to make money for the donor class, which is basically the financial class and the monopoly class that finance creates.