I have read it. Good book, but missing a single fundamental principle of money and its relationship to resources. Of course his book, if I remember correctly, doesn’t really prescribe as much as it observes. MMT makes a massive failure in taking what is actually a more logical explanation than the Keynesian nonsense, but applies it completely wrong.
I found MMT and my brother and I exchanged emails for a bit with Warren Mossler before realizing where it was fundamentally divorced from reality. Logically *consistent* doesn’t mean it’s true in the real world. And funny enough a great explanation by Mossler is what made it clear.
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please eleaborate on why you changed your mind about MMT? where does it differ from reality? Because MMT actually describes reality as it is. Its not a proposal. Observe reality. You can't pay for things with taxes unless you have money to pay for things. This isnt chicekn and egg. Spending MONEY always comes BEFORE taxing money. Money printing is all money.