The main ways I’ve heard MMT proponents address inflation are price controls and denying it’s an issue in the first place (both are mentioned in the article.) Do you have a specific argument you feel was left out?
I admit I don’t understand economics. However, neither do most politicians or readers of HN.
The real appeal of MMT is that it allows be state to raise revenue in a way that bypasses the dysfunctional Congress, and without the political cost of taxation.
That’s why Sanders and his followers love it.
Very few people understand it’s merits and flaws. Anyone not an economist who takes a position on this is motivated by ideology not science.
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[ 2.6 ms ] story [ 18.2 ms ] threadThe real appeal of MMT is that it allows be state to raise revenue in a way that bypasses the dysfunctional Congress, and without the political cost of taxation.
That’s why Sanders and his followers love it.
Very few people understand it’s merits and flaws. Anyone not an economist who takes a position on this is motivated by ideology not science.