Mosler outlines MMT policies

[doodle]

MMT gaining political traction...Warren Mosler outlines what some "sensible" MMT policies would look like. Should this truly become the adopted policy of government and Fed we might need to adjust investments to a landscape where downdrafts and recessions as in years past might become a lot less common..

Comments?


https://youtu.be/JGuNpqYBkZk

[SomeDude]

MMT gaining political traction...Warren Mosler outlines what some "sensible" MMT policies would look like. Should this truly become the adopted policy of government and Fed we might need to adjust investments to a landscape where downdrafts and recessions as in years past might become a lot less common..

Comments?


https://youtu.be/JGuNpqYBkZk

as I've said before, MMT to me is not modern nor is it a theory. It's just counterfeiting or inflation. They tried this in ancient Rome and it failed and it always fails. Creating currency can't help create wealth. It just redirects purchasing power and thus real wealth away from net producers towards net consumers.

It destroys wealth. It's an old idea, and doesn't even work in theory.

[doodle]

MMT gaining political traction...Warren Mosler outlines what some "sensible" MMT policies would look like. Should this truly become the adopted policy of government and Fed we might need to adjust investments to a landscape where downdrafts and recessions as in years past might become a lot less common..

Comments?


https://youtu.be/JGuNpqYBkZk

as I've said before, MMT to me is not modern nor is it a theory. It's just counterfeiting or inflation. They tried this in ancient Rome and it failed and it always fails. Creating currency can't help create wealth. It just redirects purchasing power and thus real wealth away from net producers towards net consumers.

It destroys wealth. It's an old idea, and doesn't even work in theory.

I used to think that. I'm not so sure anymore. First, you can't have a fixed monetary base in a credit based system with interest...so unless you want to eliminate interest it is literally impossible to pay back loans.

Furthermore, by creating and extinguishing loans private banks create and destroy money all the time.