MMT isn’t ‘Close’, it’s ‘Here’.
As soon as you read “MMT May One Day Be”, you know the author either doesn’t understand MMT, or doesn’t want you to.
As soon as you read “MMT May One Day Be”, you know the author either doesn’t understand MMT, or doesn’t want you to.
So, tell me who has ALREADY made out big from MMT? Special interests. The big campaign donors. Decidedly NOT the people.
A treatise, in answer to Katia Dmitrieva’s Bloomberg article on why the five Republicans against MMT need to take a seat, and why (AGAIN) we the People need to know how our economy really works.
Do not forgive them, for they know just exactly what they do.
Once you stop being afraid, you can objectively learn.
The only constraint on spending by the US federal government is resources. Or, as Dr. Stephanie (Bell) Kelton puts it, the federal government can buy every American a pony, if we breed enough ponies.
Tamny bandies about the discussion of resources as if MMT did not recognize the importance of the productive capacity of a nation. MMT clearly asserts that the real constraints of our economy are based on real resources.