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> In which case that is just "reduce your budget and spend less" with extra steps. I'm pretty sure the extra steps are the point, in that I simply don't believ
by 0xBDB 1y ago
> In which case that is just "reduce your budget and spend less" with extra steps.
I'm pretty sure the extra steps are the point, in that I simply don't believe the MMT folks expect them to ever take place.
It's not a coincidence it's an American theory, from a country where it's politically almost impossible to raise taxes. Otherwise it would just be a roundabout way to raise taxes and pay for stuff in reverse order. But in fact it isn't "buy now pay later". It's "buy now YOLO LOL". But hey, maybe I'm missing something.
- zaphar 1y agoI don't know why one would think they would perform the extra steps any more than you would expect them to reduce the budget and spend less.