zlacker

I’m again not an economist nor someone who reads a lot of Reddit. But economists don’t dislike mmt, they invented it after all. Economists are as mixed and varied in their beliefs as priests!

But my main contention is that we had a ton of loose monetary policy for nearly 2 decades with no major inflationary issues.

Then we had a short supply chain shock and a minor catch up in real income and boom inflation. That’s fairly compelling to me.

>>kasey_+(OP)
Yeah I think most of my argument is political, though I think I'm on reasonably steady ground saying that MMT isn't mainstream. We will at some point become irritating enough to lure actual economists in here to dunk on us.

>>tptace+m1
I can see the political argument against it, but at the end of the day I think that’s a marketing issue. Japan vehemently denies that any allegations of using MMT, but MMT has been very good at predicting japanese economic outcomes.

It’s definitely not mainstream though, I agree with you there, but I would argue that that’s because there’s a lot of people who would have to admit they were wrong for decades if MMT was accepted.