January 6, 2021

MMT pushes the Oligarchy's agenda ― and they push MMT

Comment on Arun Kakar on ‘How Modern Monetary Theory gained currency’

The 3-sector macroeconomic Profit Law Q≡(G−T)+(I−S)+Yd implies Public Deficit = Private Profit. Thus, the MMT policy of deficit-spending/money-creation results in a free lunch for the Oligarchy. This is why MMT is currently pushed over all media.

Egmont Kakarot-Handtke

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