2 ms·

Is the polemical tone really necessary here? You can disagree with MMT without resorting to vitriol and accusations of the Times wanting an "equity agenda." Wha

• tharne 5y ago
  > Is the polemical tone really necessary here? You can disagree with MMT without resorting to vitriol and accusations of the Times wanting an "equity agenda." Whatever that means. It is necessary. MMT an immoral economic theory used to justify a very specific set of policies that would not otherwise be feasible. You'd have a very difficult time selling an enormous expansion of the state if individual citizens had to directly foot the bill through taxes, so instead you convince them that you can just print the money at no cost to anyone, the ultimate free lunch. MMT is by its very nature political since it involves transferring a large amount of wealth from individuals to the state (and bankers) via inflation, which is an inherently political decision.