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View Diary: Why deficits don't matter - the reality of government finance (116 comments)

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  •  Thanks for the great (3+ / 0-)
    Recommended by:
    katiec, Roger Fox, psyched

    post.  You are right on the mark.  As someone once said, "If you want to know what's really happening, follow the money."  That's exactly what MMT does.  It cannot be disproved because it is mathematically correct in its understanding of how money works.  Money works the way it works no matter what any expert may attempt to claim to the contrary.  Just as the facts about the polls in the last election were right no matter what the so-called experts claimed, MMT in its mathematical form is impossible to refute.  In fact, it can only shelved idealistically.  So let's agree that the math is right and then spend our time figuring out how to politically manage what it means.

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