My latest article published by the Mises Institute is another look at MMT, only this time we’re taking a completely different route.
My article:
https://mises.org/mises-wire/mmts-barely-hidden-totalitarian-bias
Have you ever heard of the infamous German Foreword to Keynes’s General Theory? In it, he basically admits his system is best-suited to one with centralized, totalitarian control of the economy. Without such control, the government can only partially implement Keynes’s recommendations, and utopia remains just out of reach–so long as liberty is permitted.
Well, MMT has the same problem–only moreso! As bad as the government controls the economy today, in order to implement MMT, it would need to be able to levy taxes freely and without opposition or accountability.
It’s basically the end of private property as we know it.
Of course, MMT proponents would prefer you quibble with them about jargon and accounting identities, but wouldn’t you prefer to get to the heart of the matter?
This video is available on Odysee, YouTube, and BitChute.
Cited in that article, my analysis of gun control from a similar “strike the root” postion:
https://tenthamendmentcenter.com/2023/11/30/there-is-no-right-to-a-freedom-from-fear/
and my observation that MMTers fit into two very convenient groups:
https://mises.org/mises-wire/mmt-and-bailey-fallacy
My other article on MMT:
https://mises.org/mises-wire/mmt-feeding-economically-inferior-machine
If you’d like to check out my fiction, try my debut novel, Pursuit of the Heliotrope,
on Amazon: https://a.co/d/csZVOO0
or elsewhere: https://books2read.com/u/bWaQQM
Thumbnail image by Marco Bianchetti, courtesy Unsplash:
https://unsplash.com/es/@marcobian