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View Diary: The Simplest and Best Way Out (4 comments)

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  •  Lavish praise (1+ / 0-)
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    Thanks for the comment. I've been blogging about this for more than a year now, and will keep on doing it. But it's hard to break through.

    Many well-known economists are aware of MMT, and sometimes MMT people see evidence that they're starting to absorb some of the perspectives.

    But I think we still have a long way to go, and hope we can break through before we see Great Depression II, which is the likely result of austerity. If that happens I think you'll see the trend toward Fascism, clearly visible now, begin to accelerate in America. People will despise the uncaring elites who have brought them low, and we will have a backdrop similar to the late 20s and 30s with all its unsavory possibilities, and no Roosevelt to save us.

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