[ExI] time for post modern monetary theory

spike at rainier66.com spike at rainier66.com
Mon Oct 23 19:02:13 UTC 2023



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.



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