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"This question is being answered on Wall Street every day, even if the participants are not aware of it." This is basically the deal with MMT too. We talk abou
by spinchange 7y ago
"This question is being answered on Wall Street every day, even if the participants are not aware of it."
This is basically the deal with MMT too. We talk about the defacto status quo reality like it's a hypothetical and not actually describing current unstated practice. "What happens" is what's happening right before our eyes. The question, as always, is for how long it will last. It's been >20 years of saying "this isn't normal," so when is it?