Modern Monetary Theory - Economics - Page 4 - City-Data Forum

treasurekidd · Yesterday, 02:18 PM

Quote:

Originally Posted by moguldreamer

That's a great quote.

Yes, it is. Mr. Sowell is full of great ones.

redguard57 · Today, 04:01 PM

Why would we need unlimited spending? We dont need that. No country in the world needs it.

Our deficit is around 1.4T per year. We spend about 6.5T and bring in around 5.1T. We just need to bring in more revenue and cut some spending.

Technically speaking, a total war economy is a kind of MMT. Nothing else matters besides winning the war, so you do what you have to do and print what you have to print to prosecute it. We know what would happen after that.