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by tptacek 55 days ago
I don't think there are any MMT'ers in any position of influence on either side of the aisle (I mean, obviously, they'd be on the Democratic side of the aisle, but you get what I mean). Among serious actors there's a universal agreement that the Democratic party's fiscal policy was mismanaged --- it's not fair to blame the whole situation on them, the GOP did their part and so did the universe, but they had the controls when it mattered.

Nobody's going to make the mistake of blowing off inflation as an abstract concern again.
1 comments
ethbr1 55 days ago
Every political system forgets its lessons (inflation, war, disease, food, housing, wealth inequality) until reality eventually slaps it in its face again.
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tptacek 55 days ago
Sure, but time scales matter. Both sides (there will always be 2 under our structure) will inevitably forget how much voters absolutely hate inflation; that's how we get inflation. But it won't happen within the lifespan of the "MMT" fad; I think that lifespan may have already elapsed.
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