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Mark Blyth gets MMT (although he doesn't mention it) and at the end of the interview he makes a powerful statement about why welfare is an investment. [embedded content] One of the most persistent ideas in the politics of the West, whether we’re talking about Europe or the United States, is that government debt is best attacked through reducing government spending. Mark Blyth, warns though, that “austerity,” as such plans are known, is a historically dangerous idea.
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Mark Blyth gets MMT (although he doesn't mention it) and at the end of the interview he makes a powerful statement about why welfare is an investment.Mark Blyth gets MMT (although he doesn't mention it) and at the end of the interview he makes a powerful statement about why welfare is an investment. [embedded content] One of the most persistent ideas in the politics of the West, whether we’re talking about Europe or the United States, is that government debt is best attacked through reducing government spending. Mark Blyth, warns though, that “austerity,” as such plans are known, is a historically dangerous idea.
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Mike Norman considers the following as important:
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One of the most persistent ideas in the politics of the West, whether we’re talking about Europe or the United States, is that government debt is best attacked through reducing government spending. Mark Blyth, warns though, that “austerity,” as such plans are known, is a historically dangerous idea.