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I don't understand how so many smart people are convinced that MMT makes sense.
by steelstraw 5y ago
I don't understand how so many smart people are convinced that MMT makes sense.
- zozbot234 5y agoThey managed to convince themselves via a combination of wishful thinking and basic economic illiteracy - that's all there is to it.
- anm89 5y agoMMT DOES make sense, as long as you are careful to qualify who it's making sense for. If you are a congress person with a very short term time horizon MMT makes a whole bunch of sense. Incidentally, our country is run by congress people with very short term time horizons. If you are anybody else besides maybe a defense or infrastructure contractor MMT does not make any sense.