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| Economy | |
| Modern Monetary Theory Is Dead. It Must Now Be Buried for Good | |
| 2023-01-06 | |
[FEE] Weaning the government and the Fed off spending and printing will be a lengthy and agonizing process. But it needs to happen.
In the late 1960s Milton Friedman clarified his famous quip by stating that “In one sense, we are all Keynesians now; in another, nobody is any longer a Keynesian.” | |
| Posted by:badanov |
| #6 Could we please cremate MMT? Burying eugenics does not seem to have worked. |
| Posted by: Super Hose 2023-01-06 12:10 |
| #5 The ruling class economists have been as good as the ruling class public health officials. |
| Posted by: Procopius2k 2023-01-06 10:58 |
| #4 ^ They are only dangerous when they get to whisper in the |
| Posted by: M. Murcek 2023-01-06 10:32 |
| #3 Like all horrible ideas, this will never die. You will believe the power grid can run on unicorn farts and the money presses magically create wealth with no dire consequences. While this will never die, you can happily laugh and point at people who sprout this drivel, treating them like the insane wackjobs they are. |
| Posted by: Silentbrick 2023-01-06 09:11 |
| #2 Remove the ability to give money to non-producers, be they individuals or organizations, and the political power associated with gummint redistribution drops to nothing. |
| Posted by: M. Murcek 2023-01-06 08:08 |
| #1 My Dad always argued against Keynesian Economics (and the Wharton School's constant push for it). I never disagreed. |
| Posted by: Mullah Richard 2023-01-06 07:18 |