• davel [he/him]@lemmygrad.ml
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    3 months ago

    My usual push-back on the federal “taxpayer money” framing.

    Edit to add for the MMT skeptics, previously:

    MMT is just a description of how fiat monetary sovereignty works. It’s not prescriptive, and it’s not comprehensive. For instance, it says nothing about international trade / international balance of payments / currency exchange.

    Liberals, being liberals, take this description, expand it in liberal ways, add liberal prescriptions, and then call that mess—which can’t work—MMT as well.