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Nope that’s not correct. MMT describes how currency works, and always has worked.
by dools 6y ago
Nope that’s not correct. MMT describes how currency works, and always has worked.
- zozbot234 6y ago> MMT describes how currency works, and always has worked. So you agree with my parent comment? My reference to Weimar Germany and late-2000s Zimbabwe was intended to point out the broadly-acknowledged normative implications of the descriptive content that's shared by MMT and the FTPL.
- dools 6y agoI don’t know what FTPL is but I certainly don’t agree that an MMT understanding of economics implies that one will create a hyper inflationary economy. Quite the opposite.