4 ms·
Yes, if power were spread out then it wouldn't be an issue. But the whole premise of MMT is to give the government a means of consuming more resources with the
by manfredo 8y ago
Yes, if power were spread out then it wouldn't be an issue. But the whole premise of MMT is to give the government a means of consuming more resources with the actual cost being obfuscated. Taxes are a very transparent way of understanding the cost of government. You can see the money coming out of your pocket at the end of the year. MMT is a means of obfuscating that cost. The average voter doesn't have as good as sense of what printing a trillion dollars does to inflation. Effectively every MMT proponent assumes that MMT will give the government greater ability to consume resources. Think about all the promises MMT proponents usually try to make: universal healthcare, a government provided job for every person that wants one.