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So you do not want to store value for things like retirement or risky times? Runaway inflation can make even intra-year saving impossible. If this is a featur

by zwaps 8y ago

So you do not want to store value for things like retirement or risky times? Runaway inflation can make even intra-year saving impossible. If this is a feature of MMT, it seems they'd be willing to give up on a lot of civilization since be began farming.

WorldMaker 8y ago
Many MMT proponents argue heavily for raising strong "floors" such as minimum current flows to/through individuals. The general goals are often to eliminate "risky times" as a category altogether as a general safety net for everyone. Then things like retirement and disability and sabbaticals are merely "special cases" of the general goal of eliminating "risky times". Yes, it's a very different view of economics from a lot of traditional approaches. It's not a fundamental "give up on a lot of civilization", even where it is a general rethink of "what does it mean to be a member of a civilization", including such things as what should be an individual's guaranteed safety floor, it's still mostly just civilization as we know it today swapping what we today think of as edge cases (social security, medicare, et al) for more generalized principles (in theory at least).