> suspension of disbelief to accept that economic policy is decided based on theory
Not decided on. But influenced by. Or at least, who gets to be influential is influenced by it.
MMT’s political bullet point of “deficits don’t matter so spend like crazy” empowers a unique set of policies. So those actors push it so voters will accept the cost of their goodies.
> the same fig-leaf as copyright supporting artists, then the law clearly being written by groups like Disney
"MMT’s political bullet point of “deficits don’t matter so spend like crazy” empowers a unique set of policies."
Good job that isn't what MMT says then isn't it.
Quite why people insist on putting up that straw man I don't know. It just makes them look ridiculous.
MMT says when you run out of things to buy at a price worth paying the spending automatically stops, and that means you can only really buy the unemployed.
If you want anything else you have to tax first to make what you want to buy unemployed. Then you can buy it.
It's no longer a matter of running out of money, as that is impossible, it's a matter of running out of unemployed to deploy.
Not decided on. But influenced by. Or at least, who gets to be influential is influenced by it.
MMT’s political bullet point of “deficits don’t matter so spend like crazy” empowers a unique set of policies. So those actors push it so voters will accept the cost of their goodies.
> the same fig-leaf as copyright supporting artists, then the law clearly being written by groups like Disney
Disney helped draft the Constitution?