garyj on Nostr: The real problem, even for the well meaning MMT advocates(Chartelists), is that they ...
The real problem, even for the well meaning MMT advocates(Chartelists), is that they can actually finess the inflation and tax levers to accurately control the monetary system and the allocation of resources. The Austrian School's foundation argument is that it is impossible to accurately do economic calculation because each actor in the economy has a personal goal that cannot be aggregated accurately. From that , ALL aggregated economic management is ultimately nonsense.
Published at
2024-05-04 18:48:19Event JSON
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