>Think of an MMT crisis as an economic black hole sucking all value from further and further future generations into a gravitational vortex of the present momen

>Think of an MMT crisis as an economic black hole sucking all value from further and further future generations into a gravitational vortex of the present moment, where all value collapses in on itself and disappears forever. This is, without doubt, the most stupid sentence I have read in my entire life. I really wanted to write a comment that explains why I think that, but then I realized I would be forced to pick the entire article apart piece-by-piece, and I just cannot stomach that. In short, though, even if MMT were the very worst economic theory ever invented (it's not), it would always be possible to re-build the economy after a fatal crash. Value does not "collapse on itself and disappear forever" under any political regime, environmental catastrophes threatening extinction being the possible exception.