4 ms·
MMT is just something the ones in control of the printing press made up to convince gullible people that they're not being outright robbed by quantitative easin
by toomanydoubts 5y ago
MMT is just something the ones in control of the printing press made up to convince gullible people that they're not being outright robbed by quantitative easing.
- alangibson 5y agoFactually incorrect. Mosler spent most of his career in a hedge fund. MMT was a description of how he thought money actually worked in the modern age.
- dv_dt 5y agoMost MMT economists I follow on the topic would say MMT is independent of QE as a policy. But also as an outlay of currency, QE is one of the least effective uses to support or generate productive capacity.
- alangibson 5y agoMMT people tend to support major direct spending to people on the bottom, not things like QE
- stephen_g 5y agoYeah, no - basically all MMT economists think QE is a bad policy.