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Subject:  Re: Bogus Fiscal Crisis Date:  2/5/2013  3:33 PM
Author:  whereaminow Number:  393830 of 395

BFB

Well since I just have to:

will political leaders be brave enough to raise taxes and/or tighten fiscal policy once the economy does fully recover?

MMT does not advocate raising taxes unless they are trying to fight inflation (or relatedly, prop up the value of the fiat currency), not as a cyclical strategy. See here.

So that is one difference between MMT and Keynesianism.  This post was about MMT.  

I may be arrogant, but I didn't tell anyone to "lick a pole" (although that would have been hilarious considering the conversation above), and at least I know the theory discussed above.

David in Liberty

 


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