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21 sats \ 2 replies \ @SimpleStacker 27 Jul 2023 \ parent \ on: Progressives Have Corrupted Not Only Money, but Its History as Well bitcoin
Academic economists deserve a lot of criticism, but imo this isn't one of them. MMT isn't mainstream at all even within academic economics. They just made a big splash in media because liberals grasp at anything to justify moar gov't spending
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21 sats \ 0 replies \ @GhostofTruth 27 Jul 2023
Yes, You're right. It's not mainstream like pure Keynesianism. But it made its way into the White House of the Davos Camarilla. That's something.
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35 sats \ 0 replies \ @Undisciplined OP 27 Jul 2023
In present tense you're correct, but MMT needs to be nipped in the bud, if at all possible.
At one point Keynesianism was academically fringe. It caught on not due to its merits, but because it gives intellectual cover to the ruling class. MMT does this to an even greater extent, so there's every reason to expect funding and academic positions will flow its way.
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