Experts from a world that no longer exists
Hilarious that he had to write all of this just to be able to sneak in a justification for MMT in the last paragraph.<p>This is a complete fallacy. Don&#x27;t listen to reason or experts, the world has changed! Don&#x27;t worry about debt and deficits, we&#x27;ve invented fiscal policy(which has been around since forever), that old wisdom no longer applies!<p>Believe it if you want. We live more or less in a society with free markets where, at least for people with saved wealth, individual outcomes can be highly variable by your personal ability to understand these systems and allocate your wealth effectively. If you think MMT is great and will have no consequences, then allocate your money accordingly. I&#x27;m going to assume that&#x27;s not true.<p>Just like everything else time will tell who was right.