MMT: The theory that poverty can be eliminated by allowing people to physically cut currency into smaller pieces and spend them as though they’re whole.
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He looks EXACTLY like the kind of person that would wake up, decide he was tired of going to work, and decide to capitalize on the stupidity of the lower class people he hated his whole life.
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Nope, I don’t believe in subsidizing failure, that’s left to the type of rube who thinks debt demand is infinite. Oh, whoops.
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MMT economists believe the confines are the resources/productive capacity. This IS what governs the amount of currency creation.
More rubbish from an ignoramus.
Wow what a learned critique.
And what rube thinks this?
How does that work? Feel free to link to an article or even an interview(IF you can give a time period of the video during which it is explained). You make it sound like MMT would disagree with all of the currency creation during the government-forced shutdowns of 2020-2021(since resources/productive capacity were down), but I don’t think that’s quite true.
The main idea of MMT seems to be that if one thing is deemed worthy of going into unsustainable debt over, then there is no reason not to go into even more debt over every other desire. It seems to be a “Hehehe…gotcha!” theory. Every time I start listening to one of these endless interviews or monologues posted by zepstoli, that’s all I hear…then I move the video forward to another spot and hear more of the same, repeat the process with the same result, etc. So, I come away believing that’s all there is to the theory. Its greatest proponent, Zepstoli, has yet to direct me to anything that clarifies the theory.
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Still waiting for the answer to the question of
where has MMT been successful and i will add an extension to the question…for a period of time
No, it doesn’t. He just says it. That’s not an explanation.
Q: in your opinion is the conjugate method better for powerlifting training?
Y: Yes. The conjugate method is better for powerlifting training.
Whoa! Guess I’m the godfather of the conjugate method now.
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Everyone dumb enough to clamor for MMT. I explained the impact on crowding out, capital costs, capital allocation, etc. even if default didn’t formally occur. The only way this doesn’t happen is if debt demand is infinite, which is ridiculous. Now, don’t address it, then paste a link to another video yet again. You don’t actually understand what you’re saying.
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Of possible interest, an article I read on the subject two years ago.
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Gotta throw some catchy music on to go along with your teachings. If you do that, you’ll have Zepstoli singing your praises and spreading word of your method.
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I’ll sum it up: Anytime the non-wealthy-and-powerful expect to be helped by the wealthy-and-powerful, they will be disappointed. The wealthy-and-powerful will use the right words to convince the poor-and-stupid that THIS policy will help them…not like the last time where they starved, were executed, etc.
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So, how do you explain the trillions of dollars spent on the mid-east wars? Raised taxes?
I agree. Then what would be your remedy to prevent them from starving or being executed?
Pretty good article, even though I didn’t understand it all. I need to read it again. But thanks for the post. It was informative.
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Stop asking for help. Free-market capitalism.
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