Dude’s an ultra
Bonus: https://nitter.net/uncle_authority/status/1721967810241335347#m
I guess the Deprogram guys are the Three Stooges now? But the joke doesn’t really work
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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"The deprogram guys are evil opportunists because: [insert perfectly normal quotes]"
JT's argument is that MMT would work in the US if used to build socialism. I don't see anything wrong with that.
Claiming it's going to work universally is wrong because most countries don't truly have sovereign currencies.
I really don't get the knee-jerk reaction people here have towards MMT. Provided the prerequisites for it working are met it actually makes perfect sense from a marxist perspective.
How is this squared with the fact that the fed's ability to print unlimited funding is a result of financial imperialism? You can't dismantle the master's house using the master's tools. The US has to be dismantled and something else put in its place before we can ever talk about building socialism in North America.
Even better IMO. If you dismantle financial imperialism you also make room for MMT to work for smaller countries too.
MMT isn't social imperialism where one country gets rich on the backs of others, it's about efficiently allocating labor and resources within a country.
Read my comment here.
Most people are confused by the Fed printing money and dollar hegemony. They are two separate issues. As Michael Hudson put in very succinctly, the US treasuries simply act as a vehicle to absorb the excess dollars spent overseas. It has little to do with the ability of US government to finance free healthcare domestically.