>>5647659 lb on AOC’s dumbass statement
She’s being coached by mmt (modern money theory) proponents who advised Bernie Sanders. There are some truths with mmt but unlimited spending is not possible. I can go deep on this but probably not until mid April.
Randy Wray is the primary mmt expert. Stephanie Kelton is functional finance meaning that the concern is about the function of a tax. Tax sin products (alcohol, tobacco) higher to dissuade people from using the products.
SK was the chief economist for Sander’s campaign and also the senate minority economist for the finance committee in 2015.
Saikat’s initial twat is full of BS as there is really no reconciliatiom b/w Kelton and Krugman. It’s an ongoing saga.
RW/SK and more are directly affiliated with Levy Institute at Bard College.. guess who donated $60mil to Bard college? Yes, GS. I believe Alex may be affiliated with Bard/Levy but cannot find the link now.
This is the primary economics behind AOC but Saikat is picking and choosing what feels good from different economic schools of thought.
https://louisproyect.org/2011/05/17/george-soros-contributes-60-million-to-bard-college-colonial-ventures/