Not a helpful response but I don’t know that it is. Can someone give me a rundown? I fear that it might be an attempt to recreate the conclusions of Marxist analysis while distancing the field from Marx because communism bad.
it’s something along the lines of, like, “any country with fiat currency effecively has infinite money,” but i don’t know to be honest. at the very least that’s a super basic rundown
MMT boils down to “sovereign currencies are OP, any goverment with a sovereign currency can print infinite money and not suffer inflation as long as it uses the money to develop production, the US is uniquely OP because their sovereign currency is also the IRC.”
Not a helpful response but I don’t know that it is. Can someone give me a rundown? I fear that it might be an attempt to recreate the conclusions of Marxist analysis while distancing the field from Marx because communism bad.
it’s something along the lines of, like, “any country with fiat currency effecively has infinite money,” but i don’t know to be honest. at the very least that’s a super basic rundown
MMT boils down to “sovereign currencies are OP, any goverment with a sovereign currency can print infinite money and not suffer inflation as long as it uses the money to develop production, the US is uniquely OP because their sovereign currency is also the IRC.”