:seinfeld:
Is it all lib hokum? I was in my local theory shop yesterday and was looking at The Deficit Myth by Stephanie Kelton, something I put on my reading list a year and a half ago.
Since then I've listened to and read Matt Bruenig's criticisms of MMT and found them pretty convincing but I haven't really spent much time reading the anything on the "pro" side.
Is this worth my time to read a book on MMT or is it just a distraction? Thoughts?
Ive seen it described as bitcoin for the left.
I think it's like the financial equivalent of putting flowers in gun barrels or telling the US empire that they can forge their swords into ploughshares.
They're aware that they can use their monetary tools differently, but that goes against the class interests of the bourgeois dictatorship and will never happen without a proletarian dictatorship, and at that point monetary theory doesn't really matter as much as just using labor armies and marshalling productive forces into developing civilian infrastructure and decommodifying markets.