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by brianjcohen 2651 days ago
It appears that MMT is meant to be a macroeconomic theory. I'm not here to defend it. But I would wager that an MMT advocate would claim to possess evidence that in the aggregate, a jobs guarantee would create more value than it would destroy because the pattern you describe does not apply to most people.

Again, I am not here to defend this theory. In fact, I have witnessed your anecdote myself and agree with the premise, at least on a micro scale.