'‘Modern monetary theory’ rests on dangerous, false premises. The U.S. won’t grow its way out of the red.' Hmm, since that isn't actually the premise if MMT, you are correct that it is false. Just maybe not in the way you intended.
A gentleman and a scholar bullet-points it for folks with day jobs:
Opinion: Cat’s out of the bag and we’re scared. The proletariat has figured out the rules of the game.
you do not understand MMT at all. and you deliberately misrepresent it to push your own agenda. for millions to read. you are the problem, not the solution.
Trash hit piece. You all breed austerity. Austerity is murder as they say. Not a good look for you WSJ LearnMMT GreenNewDeal MMT
The rhetoric and core understanding of MMT here is completely wrong. This is nothing but wrong-headed (and hypocritical!) bias. Suggesting the Republicans are the drivers of tax cuts and Dems for spending? Why has the deficit grown then, under a R Congress & POTUS?
Which is why US sits on Trillions $ deficit... and you write about finance!? 🤣😂🤣 bbcqt
You actually don’t know what you’re talking about. But hey...
money just like debt are artificial constructs with no intrinsic value. how do people not understand this. debtjubilee
Historical context:
You guys writing comedy now cuz this is hilarious?!
This feels like a creationist critique of Darwinian theory. It's like the very foundation of understanding in the writers head is just from a totally different planet.
To learn more about MMT visit this site:
Paragraph 2 completely misrepresents modern monetary theory. It gets worse from there.
This piece would make sense if it were published in The Onion. Or the National Inquirer. The only thing serious about this piece is that it cannot possibly be taken seriously.
Well of course you would print this.....I mean - it's obvious by your name whose side you're on.... Maybe, if we get lucky, in 5 or 10 years, you'll transform yourself into MSJ - Main Street Journal.
Far too many people have a fundamental mis-understanding of what the 'debt' represents.
Hey WSJ: You don't understand DEBT or MONEY. And Americans are catching on. MMT
Hey, this is wrong. But thanks for the exposure. Here's the real deal.
Agreed.....stop spending....
Good luck to all the students on gradient and income based repayment then.
Too bad the GOP doesn't give a shit.
but isn't that the point of MMT that there is no fundamental goal to be debt free? There is no need to measure being in the 'red' or not, rather only money supply management relative to inflation and employment? Not justifying it rather seeking clarity on its premise.
A balanced budget is the only way...Unfortunately, now we r spending money generations in advance. Why is it nobody cares?bankruptcy
Totalement juste!
No but it can cut the hell out of spending!
So funny how fast these coming now. No, there is not really a “debt” at all (just voluntary annuities). And no, spending does not cause problematic price rises. Desmond Lachman does not understand the basics of economics. The WSJ should be embarrassed by his “article”
And Japan
Imagine the resources we would have for our Citizens and legal immigrants if we just addressed immigration and stopped the flow of illegal immigrantion?
Reform and enforce our immigration laws and secure our borders then cut 5% from every branch and Gov. Subsidized programs.
Since OPEC Oil is pegged to US Dollar, debt/inflation is 'exported'
Banks that socialize risk and privatize profit are a threat to all Americans. Let’s restore postalbanking, which we had in the USA for 55 years.
RT : Opinion: 'Modern monetary theory' rests on dangerous, false premises. The U.S. ...
Nobody is talking sbout this...
One solution to debt reduction is to remove tax deduction for interest paid on Home Mortgage.
The only time there is debt denial is when the GOP and conservatives are in power. The last two democratic potus’ either balanced the budget, providing a surplus or reduced the deficit in 6 out of 8 years in office.
Who personally benefits from the US debt?
They call it leverage: paying old debt with new debt. How can that be a sound theory?
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