4 ms·
>That's akin to quitting your 100k a year job and not changing apartments. It's akin to being in tens of thousands in medical debt, losing your job at walmart
by pytester 8y ago
>That's akin to quitting your 100k a year job and not changing apartments.
It's akin to being in tens of thousands in medical debt, losing your job at walmart because you tried to punch a customer and being told that the only real problem with your finances is that you didn't rein in your spending after you lost your job.
Zimbabwe was destined for hyperinflation even if they had a budget surplus, meanwhile Japan had the biggest deficit in the world and still got deflation. MMT is mostly just not being in denial about that. There's no moral component to it.