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> On Apr 20, 2020, at 9:49 PM, Anthony Boynton via Marxism > <[email protected]> wrote: > > MMT's prescriptions can be seen as extensions of Keynesian economics. Their > limited value for saving capitalism applies only to imperialist countries > without debts denominated in currencies other than their own currency and > cannot and does not apply to the world economy. This is a staggeringly ignorant and cringingly “priestly” couple of sentences. Let me just rip a few phrases to shreds for now: “MMT's prescriptions” — as if there is a single set of prescriptions coming out of this school of thought — when even leading voices of MMT insist that the main thing that unifies “MMT” is a descriptive account of the money function, as for instance in this interview: https://theintercept.com/2020/03/20/deconstructed-podcast-alexandria-ocasio-cortez-coronavirus-economy/ "can be seen” — by whom? Sectarian idiots? Great; not really very concerned about them. “Their limited value for saving capitalism” — as if MMT is focused on saving capitalism, as opposed to saving societies from capitalism, as would be apparent to anyone who spent even a few minutes trying sincerely to become familiar with the body of thought in question. "cannot and does not apply to the world economy” — already dispensed with in earlier posts. This is really getting embarrassing. Why are people so enthusiastically committed to pronouncing on stuff they don’t have the first clue about? I feel like I’m trapped in a Monty Python sketch. _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
