Is that so? Then you’ve obviously questioned your economic beliefs and came to the conclusion that the mainstream economists that have been predicting the U.S. bankruptcy for decades and have been wrong for decades, that they are the ones to follow. No questioning their “theory”. Why would you because you believe there is no difference between a currency issuer and a currency user. They are the same like a federal budget and a personal budget, Good grief!
Pot, kettle, black.
From a person who consistently brags about himself. This is rich.
Hint: It isn’t.
Didn’t watch the video but I am sure he believes the federal budget and a household budget works the same. So he most likely starts with the wrong premise so everything that follows is wrong.
Which is why debates are more important because you’ll have the other side pointing out misrepresentations and misunderstandings.
Did the video I posted debunking your pet theory talk about the country bankrupting? No it did not. The theory fails for other reason like its inability to control inflation.
Clearly you didn’t watch the video.
The video also didn’t say this.
What have I said that is false or not something I can back up?
See if you watched the video you might actually have to question your pet theory because he doesn’t make this argument.
What I’m saying is that a dictatorship doesn’t have to use as much propaganda. In the U.S. you have the pretense of a democracy, so propaganda is more useful in controlling the population.
Clearly you don’t understand MMT as the practitioners pay attention to inflation very much so.
Does that matter? The propagandists you follow have said the debt is crushing the U.S. And one of your hero’s Rogoff has stated that a 90% debt to GDP ratio is the tipping point. Well since the U.S. is about 125-130% and Japan’s is twice that amount, what happened? N?othing, no implosion of either country and certainly no apology from Rogoff admitting he had something wrong. I giuess it would hurt his ego as well.
Maybe it didn’t but the people who claim that the federal government needs revenue like a household believe so.
You have said plenty of false things. Like your whole macroeconomic viewpoint. And your hubris is undeniable.
Tell me how to get to zero unemployment? What about underemployed in this zero unemployment state? Is it better to have a MD working as a grocery bagger or unemployed looking for new practice?
again, the majority of published economic academics agree with my viewpoint that MMT is false. I posted 4 such criticisms (of the hundreds I found) yesterday.
When you get your college degree and learn how to think come back and talk to me. I am done trying to expand your puny mind into something capable of rational thought.
