4 ms·
>Asking "can modern monetary theory work" is sort of like asking "can I recreationally use heroin and not get addicted". The answer to both of these questions i
by iSnow 8y ago
>Asking "can modern monetary theory work" is sort of like asking "can I recreationally use heroin and not get addicted". The answer to both of these questions is yes, in theory both are possible.
I would say it's the other way around: MMT works in practice while in theory it should fail. Heroin, not so much.
- AnimalMuppet 8y agoI would like to see your evidence that MMT works in practice...
- dools 8y agoMMT is already "in practise". Here is an interview I did with a trader about how government finance works: https://youtu.be/jq6QbMSPoxQ https://youtu.be/jq6QbMSPoxQ