Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #94897 is a reply to message #94893] Sat, 11 December 2021 08:56 Go to previous messageGo to previous message
Rusty is currently offline  Rusty
Messages: 1186
Registered: May 2018
Location: Kansas City Missouri
Illuminati (3rd Degree)
Don't know Bruce. I'm not an economic wonk. I see from a cursory look that GDP is the standard international measure since 1991. I'll give some measure of reliance that the writer of the article being a seasoned economist can take various aspects of data into balance. Just as you would for designing audio gear. I think the author, along with his MMT colleagues stress that the mania whooped up with the national debt is overrated. And obscures the factors in our economy that are prevalent enough that the great middle class once attributed to our economic strength, no longer can be boasted about.
 
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