US court blocks Trump's 'Liberation Day' tariffs
Plebcouncilman @ Plebcouncilman @sh.itjust.works Posts 2Comments 676Joined 6 mo. ago
Plebcouncilman @ Plebcouncilman @sh.itjust.works
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676
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6 mo. ago
Sure the implementation is fucked. But the basis of it is not necessarily bad. And I believe that even botched implement would have resulted in long term gains that would have been beneficial.
Also economic experts are almost exclusively coming from a neoclassical vision, which is incomplete because it disregards the role of money. Modern Monetary Theory simply fixes that limitation and adds a new perspective that is more complete than the neoclassical vision.
https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/mobilebasic
When the experts of any given field are said that they are incorrect they tend to react with rejection, so it is no surprise that they would reject MMT, as it destroys a lot of what their work has been based on. So don’t just listen to what the experts say, they have incentives to reject revolutionary ideas in their field.