/biz/ - Business & Finance

>>17488524
It's complete bullshit you're correct. Anyone who uses common sense can see that it's bullshit. It's just reheated Keynesianism which caused the crises of the 70s. Quantitative Easing is basically a form of MMT (they admit this, they say MMT explains how the economy works right now) and it has done fucking nothing.

The only countries that can actually benefit from MMT are countries like the US and they can only do so because they can run up massive deficit spending because so many other countries own their bonds & currencies in reserve, in addition to the petrodollar.

Japan tried to use MMT and it hasn't worked. Japan is important because they're basically already in recession again, and after their crash in the 90s they were in the same stagnation period the rest of us are in now. If you want to look to the future, Japan is a good indicator because they have more advanced problems than the rest of us (even regarding /pol/s favourite bugbears like the great replacement; what people don't tell you about that is that the actual concern isn't white children but the rate of workforce participation; looking after old people is the biggest growing industry in the world)

Michael Roberts, who is the guy who writes https://thenextrecession.wordpress.com/ absolutely hates MMT and has a big series of articles shitting on MMT (and also one recently about Japan: https://thenextrecession.wordpress.com/2020/02/19/japan-abenomics-revisited/))

Just search on his site for his MMT articles. You can find critiques of it everywhere. Long story short once you absord the excess demand with massive spending to ensure full employment, you might temporarily boost the economy but when everyone is employed there is a huge upward pressure on wages and other countervailing tendencies.There are also some good videos like the one by this guy:
https://www.youtube.com/watch?v=UW5QAUGQd08

>>17488632
No my bad lmao I'm retarded the thumbnails look similar, pic related is the real one

>>7420253
>Or do we face the most gigantic bubble in human history?