Is Modern Monetary Theory (MMT) a Viable Economic System?

[null]

it's "good" like mezzanine securitisation was a good idea in the 2000's.

i.e. the great and the good (including some of the world's best minds) will convince themselves that it is a good idea. it will keep working and make some people rich, until it stops working, and then people will question the insanity of doing it in the first place.

 

[King Kreole]

Can you give a real world example of wealth inequality destabilizing American society? and progressive taxation creating broad-based prosperity?

...the 20th century?

 

[ogc163]

MMT is a silly pipe dream. But I'm happy progressives found their own version of goldbuggery.

 

[DEAD7]

...the 20th century?

Yes.

 

[null]

Yes.

Deadpan ..

"20th century" was OP's answer ...

 

[DEAD7]

Deadpan ..

"20th century" was OP's answer ...

I have yet to hear specifics when examples are asked for.

 

[OfTheCross]

Are we going to see movement away from "wealth taxes" and "make the rich pay for it"? is the left ready to concede that was bullsh*t and we dont use tax revenue to fund the government...
#taxationistheft

We would also see a movement away from "how are we going to pay for it?" and "we need to balance the budget" with MMT

 

[OfTheCross]

 

[King Kreole]

 

[null]

eh?

you think the USA can just print to spend "indefintely"?

and inflation is not a side-issue as creh seems to suggest.

for one it can chain into entrenched or even hyper inflation, thus empoverishing the asset poor part population and increasing economic division.

then as you soft-default your state debt (bonds) become less attractive, requiring higher rates to compensate.

for a start.

 

[Mook]

Idiots can't get anyone to pay for an aspirin but think they can convince politicians to "atm go brrrr". Internet killed the left wing side.

 

[ogc163]

 

[mastermind]

you think the USA can just print to spend "indefintely"?

The US literally does this, especially since the dollar is the reserve currency.

 

[King Kreole]

and inflation is not a side-issue as creh seems to suggest.

No one is saying this.

for one it can chain into entrenched or even hyper inflation, thus empoverishing the asset poor part population and increasing economic division.

Everyone knows this.

 

[Secure Da Bag]

Randomly calling someone a MMTer because they did something you don't like or expect is not exactly empirical evidence or sound.