tag:blogger.com,1999:blog-3758330678390419129.post2211131888211216722..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: A Powerful Note on How Destructive Modern Monetary Theory (MMT) IsRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-14167772089054978022019-01-25T08:10:06.712-05:002019-01-25T08:10:06.712-05:00MMTers deserve some credit. They've uncovered ...MMTers deserve some credit. They've uncovered the mechanism that creates and perpetuates the Hell envisioned by Lewis in The Great Divorce.Chris Clarkhttps://www.blogger.com/profile/07415864762682026773noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-91189995799191270502019-01-24T18:58:22.586-05:002019-01-24T18:58:22.586-05:00My thoughts on the Jeftovic piece:
1. The “taxin...My thoughts on the Jeftovic piece:<br /><br />1. The “taxing it back to cure inflation” part was excellent. What a nightmare. But what is the actual likelihood that your elected representatives are going to vote to raise taxes on the populace during an inflationary crisis as is described? <br /><br />2. As Mises pointed out in 1912, the entire theory is “acatallactic” and thus does not deal atBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29267860533810920652019-01-24T17:14:36.212-05:002019-01-24T17:14:36.212-05:00Mark Jeftovic has an excellent new article on the ...Mark Jeftovic has an excellent new article on the horrors of MMT at Zero Hedge. Towards the end, he focuses on what it would mean for the government to try and "soak up" the extra liquidity during the inevitable inflationary phase:<br /><br />Were an MMT system inevitably go awry, the outward manifestation would be of course manifest as inflation, so central planners would of course tryBob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.com