[ExI] time for post modern monetary theory

[spike at rainier66.com]

Modern monetary theory holds that the federal government cannot default on
its debt payments, because all it needs to do is print more money.

 

Post modern monetary theory (PMMT) holds that it doesn't work that way, and
that government debt does matter.

 

It appears that the American public has shifted toward PMMT in the past
decade.  From a Rasmussen poll reported today:

 



 

 

Oy vey.  The libertarians have been right all these decades.

 

spike

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