(2020-10-22) Guinn We Are All Mmters Still

Rusty Guinn: We are all MMTers (Still). We thought it would be fascinating to see which Fiat News expression of “what the (coronavirus) stimulus is really about” was the most connected and which was the least.

there are a LOT of missionaries out there trying to tell you what prospective stimulus is about and what other parties are trying to make it about. It hasn’t coalesced into a single narrative structure, so far as we can tell.

But what is fiscal stimulus absolutely, positively not about? If you answered any of “the deficit”, “the debt”, “small government” or “the budget”, you are today’s big winner.

from this insane dumpster fire of a year will become an essentially permanent feature of our world

It’s budgets-don’t-matter-anymore-for-countries-who-can-print-currency narratives. It’s MMT from either party and both at once, from capitalists and anti-capitalists alike.