GenZhou

875 readers

1 users here now

GenZhou: GenZedong Without the Shitposts(TM)

See this GitHub page for a collection of sources about socialism, imperialism, and other relevant topics.

We have a Matrix homeserver and a Matrix space (shared with GenZedong). See this thread for more information.

Rules:

This community is explicitly pro-AES (China, Cuba, the DPRK, Laos and Vietnam)
No ableism, racism, misogyny, transphobia, etc.
No pro-imperialists, liberals or electoralists
No dogmatism/idealism
For articles behind paywalls, try to include the text in the post
Mark all posts containing NSFW images as NSFW (including things like Nazi imagery)
Unserious posts will be removed (please post them to /c/GenZedong or elsewhere instead)

founded 2 years ago

MODERATORS

[email protected]

"The Modern Monetary Trick" by Michael Roberts | GenZedong/GenZhou Reading Group (Juche 113, Week 42) (lemmygrad.ml)

submitted 1 month ago* (last edited 4 weeks ago) by [email protected] to c/[email protected]

11 comments fedilink hide all child comments

You can read the text here. Post questions/analysis here and/or join our Matrix space

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 3 weeks ago (1 children)

I think this is a good summary of my position as well. MMT as a description of how it works is far better than the dominant ideological description of how it works. Reasoning from that to prescriptions must always, inherently, be experimental and that means until MMT theorists get control of monetary policy, all prescriptions are going to be suspect.

Unfortunately, liberals and conservatives alike have no interest in scientific politics.

[–] [email protected] 2 points 3 weeks ago

The Chinese state has control, and I try a little to see what they do with it, holding MMT in the back of my mind, to see how well it holds up.