You replied to the wrong post. Slow down and give yourself time to think.
The fact that you even asked this shows you don’t even know the basics of MMT. It deals with the economy on the federal level, not state, local governments or personal , business economics. It is the difference between the issuer and user of the currency.
No worries Kelton doesn’t know how it (MMT) will work either (as I show above). It is the “Art” in “Art and Science”. High probability it will require some significant indirect confiscation though.
Easy come, easy go. No?
Or is it Hard come, easy go?
Like everything else in life: “What’s in it for me?” “Why should I care?” “How will my life suffer if I don’t know?”
What good has it done for you? Can you begin to sell the reason for learning MMT to the public?
So what do we have here? She says you cannot spend as much as you want depending on the real resources. And so goes the argument that people make, that MMT is about creating as much currency you want.
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Ok…where does public money come from?
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No, says people smarter than me on this:
And why the hell would anyone like your MMT idols answer an email from a rando on the internet? That suggestion makes absolutely no sense.
No. But you see there’s only one responsible party for inflation today, right?
It happens sometimes. I emailed a big name in his field (i wasnt in his field) about a big mistake on a paper published during COVID. The mistake made it past peer review. He appreciated the feedback and promptly issued a correction on the article. If the person has intellectual integrity and you have a point I am sure they would be appreciative. However the key is the former 
.
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The federal government just makes it up out of thin air. Like those nearly 60B sent to Ukraine by Biden. It is where the money comes from to pay for natural disasters.
There are many. Like the many corporations using inflation as a veil to price gouge the public.
From this garbage article. “Its believers trumpet the false idea that money, not the actual economy, determines how much of the good things of life we can have” The exact opposite of what MMT economists say.
You said it yourself, people smarter than you. Why would this jerkoff have to mischaracterize the position of MMT economists?
Public money. Such as social programs SS is a good example.
No one. it doesn’t need to be paid for. Student loans have not been paid on for over 2 years. What catastrophe has happened since?
How would that “put this to bed?” How would a debate put something “to bed?”
No. You’ve posted videos. How does creating more fiat money improve the lives of almost-any person? If there are 1,000 Zeppies in the economy today, then 2,000 tomorrow, what do you think will happen? Will prices adjust to the extra Zeppies?
I think “you”(through long videos that I’m not going to watch-if you want to use them, give a time period in the video and let me know why I’m watching that portion) want to argue that increasing currency does not cause inflation IF production increases at the same rate. That’s great, but what would cause production to increase?
Honestly, I hope they collapse this bullshit. Spend, baby, spend. Regulate, baby, regulate. Restrict, baby, restrict. I’m ready to break it up.
MMT economist vs. austrian economist. Enjoy!
But the the castoli’s of the world step in for a full blown takeover. They never admit they’re wrong, they always double down. If it falls apart then say hello to communism.
Which can’t last. Or succeed. It’ll provide the opportunity to break up.
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https://www.forbes.com/advisor/personal-finance/who-pays-for-student-loan-forgiveness/
Balanced article.
Fun argument put forth by Cody and friends:
“It’s not that we don’t worry about the macroeconomic implications [of student loan debt forgiveness], ” says Cody Hounanian, executive director of the Student Debt Crisis Center, a nonprofit advocating for student loan debt cancellation. “I just prioritize what everyday Americans are needing at this moment.”
Canceling student loan debt could remove significant barriers keeping everyday Americans from achieving upward mobility. Research suggests that it could help consumers from less privileged backgrounds build wealth and address racial disparities by benefiting those who carry the biggest loan balances typically Black and Latinx consumers. Those benefits, for some, are worth any potential ramifications in the future.
“Canceling those debts is a way to right a set of wrongs that are highly unequal by race, by gender and by socioeconomic background,” says Eaton. “It’s well worth it.”
You raise a good point. I have a major character flaw. I pay my bills and don’t do debt nor default on loans. In hindsight, strategic mistake given current trends.
Guys! Guys… You’re going about this all wrong. People like @castoli don’t know enough about anything to actually support the claims they’re parroting off their liberal arts professer (you know, the one that sleeps in their car on campus).
You must educate him with memes!
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