The Mainstream Complaint About M M T

M m t says that interest rate will always be at zero because the govern can just hold it at zero. Main stream economic is saying, well, eventually we might need to raise interest ras. But i think if you'd known back in 20 ten that we were going to be stuck with perma zero interest rays, i think that would have led you to very different policy conclusions. You know, you started with er the impact of erity. And then things like a, the equivalents between debt financing and molitary financing, that kind of stuff starts to break down a little bit.