TheGuySwann on Nostr: I have read it. Good book, but missing a single fundamental principle of money and ...
I have read it. Good book, but missing a single fundamental principle of money and its relationship to resources. Of course his book, if I remember correctly, doesn’t really prescribe as much as it observes. MMT makes a massive failure in taking what is actually a more logical explanation than the Keynesian nonsense, but applies it completely wrong.
I found MMT and my brother and I exchanged emails for a bit with Warren Mossler before realizing where it was fundamentally divorced from reality. Logically *consistent* doesn’t mean it’s true in the real world. And funny enough a great explanation by Mossler is what made it clear.
Published at
2024-06-19 17:19:09Event JSON
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