Wizards of Finance
The Remnant with Jonah Goldberg
00:00
Modern Monetary Theory
Modern monetary theory, m m t, is its very trinity an social media and with three or four economists, 99 % of economists completely dismiss it. It pretty much says that we can just fund any sort of government spending we want with the printing press, and it won't cause inflation. And then they add, oh, but if there is ever inflation, theoretically you would just raise taxes through the roof to pull the money out. But when the inflation comes and pep the economy is teetering and people are nervous and their real wages aren't keeping up, there's no way in hell politicians are actually going to raise taxes in a fragile economy. So really, in practice,
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