Let’s talk about the $1 trillion dollar deficit coming under Trump. Why aren’t MMTers schitting themselves with joy? One must assume that the average MMTer understands “Gov’t debt = Private sector assets.” Right? Once again we are exposing that MMT has been hijacked by FAKE MMTers.
PURE MMT FOR THE 100% is A political. You don’t have to like Trump to agree as an MMTer that $1 trillion deficit is 1000% MMT. Not to praise and acknowledge this mathematical fact as one who claims they understand MMT. Is either ignorant in MMT or a hypocrite.
If you attempt to make a weak argument that you just don’t like where those $s will be spent! Then you really need to rethink your copy/paste MEMY understanding OF MMT! Because you are now starting to realize that “Gov’t debt = private sector assets” true but the vast majority of it DOESN’T GO TO YOU! But rather the top 5% of the pyramid who actually gets to save the vast majority of those deficits! Welcome to the SAVINGS BUBBLE conundrum! What PURE MMT has been telling you all along. But your oversimplification of MMT and political ideological extreme views have kept you from seeing the mathematical reality of FAKEMMT vs PUREMMT.
The 95% need a bigger slice of the Savings Bubble, not just a Soviet-style job. The moment you realize this fact, is the moment you become a PUREMMTer