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>"I think modern money theory (MMT) has proven itself to be a startlingly powerful tool in keeping our fragile society going" Wrong, setting price floors makes
by bingbong70 6y ago
>"I think modern money theory (MMT) has proven itself to be a startlingly powerful tool in keeping our fragile society going"
Wrong, setting price floors makes society a lot more fragile. This is especially true when we can't defend the price floor by stealing other people's labor anymore a.k.a. we lose global reserve currency status.