half_giraffe [comrade/them]

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Joined 4 years ago
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Cake day: July 27th, 2020

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  • The dunk here is not on MMT, it’s that the head of Biden’s council of economic advisors opposes MMT but can’t even try to muster a reason why. The woman interviewing him in the video is Stephanie Kelton, author of the Deficit Myth and the main proponent of MMT. She describes (as shouldn’t be shocking based on the name of her book) that deficit spending is actually a necessary good to keep the economy functioning, and in that way fits within the left as a counterpoint to criticism of progressive policies like universal healthcare or free college or reparations etc. as “unaffordable.”

    But your instinct is right, MMT isn’t necessarily collaborative with leftist ideas since it isn’t concerned with class or redistributive policies. It’s basically just a way to explain why we can print so much money and see barely any inflation despite classical economics constantly warning about that exact scenario.











  • A little - the last couple of times timehop had a puzzle hunt it was just a web page with a set of themed puzzles, this time they’ve incorporated some other apps they’re associated with and host the clues within their platforms. You still don’t need an account or to download an app but it’s definitely attempting to encourage people to use their bullshit.

    But to be clear, the puzzles themselves have halloween themed answers, you won’t get “always drink your ovaltine”.