Comment by trescenzi
4 days ago
Yea the covid money printing is regularly pointed to as a reason why MMT is clearly bad but that ignores that there’s literally a solution to this problem in MMT. Raise taxes to reclaim the money. It’s a trivial solution which is sadly politically incredibly challenging.
> Raise taxes to reclaim the money
Only works if the government doesn't turn around and spend the money. And feeding dollar bills into a furnace just looks bad.
What a horribly dystopian thing to say
Huh what is dystopian about that? I’m just referencing how MMT prescribes to solve for inflation and the reality that it’s hard in a democracy to raise taxes.