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12980831 No.12980831 [Reply] [Original]

MMT is pretty new, but it seems to be the most correct: https://www.youtube.com/watch?v=cUTLCDBONok

>> No.12980858
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12980858

MMT will unironically work, because normies will let the jews do it in exchange for the carrot of UBI

>> No.12980894

>>12980858
I don't what MMT has to do with Jews, it's very similar to fascist economics.

>> No.12980942

>>12980894
it is going to be implemented by ZOG, which is why it is being memed everywhere across the media
>we can print as much money as we like
>as long as there's no inflation everything will be fine
>see, it's just like QE, but better, because we all benefit
>just trust us, goy

>> No.12981007
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12981007

>>12980831
keynesian

>> No.12981024

>>12980942
MMT is actually a threat to the plutocrats, hence why it is a heterodox opinion. Only a small number of left wing progressives really promote it. It's very much attacked by the neoliberal Chicago school in academia. Besides, the other schools are way, way more Jewish than MMT.

>> No.12981029

>>12981007
MMT has a lot in common with Keynesian economics and actually came about from the post-Keynesian sphere.

>> No.12981976

>>12980831
MMT is overly simplistic and mischaracterizes how a lot of transactions work. The problem is that It's only superficially plausible, but when you take it out of the empty-headed chambers of academia and apply it to the real world instead of the contrived abstract world of their own making, it's problems can be easily exposed.

Assets are not only debt based, so financial wealth isn't only generated by gov't deficits. Gov't deficits over time require increasing foreign financing to sustain it, which puts the domestic currency foreign exchange rates at risk. MMT underappreciates that the gov't requires a willingness on the part of investors to finance the deficit and a willingness on the part of citizens to value the currency instead of dumping it for real goods as soon as they get the chance--for both groups there's an expectation of fiscal and monetary responsibility. MMT also underappreciates the instability that would be caused by perpetual zero-interest rate policy since it pushes people towards riskier assets to get some level of reasonable return.

Frankly, what little value MMT does offer is just a repackaging of core Keynesian ideas. It's not really anything new except a misguidedly excessive support for government deficits.

>> No.12982009

austrian is the best faggot

what are you doing in crypto if you are not an libertarian / ancap / austrian

>> No.12982336

>>12982009
this