Heterodox
I have no doubt that there are MMT advocates reading this now saying, no, you’re not getting what MMT says or you’re caricaturing it. Maybe. But what I’m able to speak to is how it is playing out in a political context. As Bruenig explains, if you want Northern European-style social democracy you’re going to need to have significantly or dramatically higher rates of taxation. And not only much higher rates on the uber wealthy but generally higher rates on a much broader range of the...
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