[l0ng1nu5]

> I prefer my economic takes from economists, or people who actually study these things.

Keynesian economists and now mmt advocates are the reason that most of the productivity gains of the last hundred years have ended up in the hands of a few hundred people while most struggle.

I'd say it's high time to stop listening to these people who are nothing more than useful idiots of the elites.

[amrocha]

Can you give an example of countries listening to MMT economists?

[l0ng1nu5]

The US since the GFC is probably the most obvious one.

As I understand it, pretty much every developed country employed mmt practice in response to covid.

Now we have (even more) rampant inflation and wealth inequality with no sign of slowing down.

[t-3]

"Pretty much every country" couldn't possibly employ "mmt practice" - a significant number of countries don't have sovereign currencies. That's ignoring the fact that MMT is descriptive rather than prescriptive, it doesn't have practices, it is a theory used to describe how a modern economy with sovereign fiat currency works.

[l0ng1nu5]

I said developed country which is a pretty major distinction. Maybe my definition is off but it appears to prescribe the printing of currency which is consistent with what we've seen in most major economies and low and behold - we have rising inflation and wealth inequality.

[t-3]

Most of Europe doesn't fit in with your idea of "developed countries" though. Printing currency in order to have more money is as old as currency itself, what does that have to do with MMT? Give me a citation or quote where someone is advocating just printing more money as the MMT solution to anything.

[amrocha]

I see, by “MMT” you mean quantitative easing. Not really the same thing.