Thread by @MMTpodcast

“Is anyone surprised that progressives are horrified when they learn that orthodox economists & journalists know that MMT is “obviously true” +respond to that truth with lies designed to prevent the adoption of progressive core policies?” @WilliamKBlack

neweconomicperspectives.org/2019/03/mmt-ta…

“Orthodox economists and elite members of the financial press admit, in blunt terms:
1. MMT is “‘obviously true’”

“2. Instead of explaining the reality of nations w/ fully sovereign currencies, orthodox econs & journos have consciously propounded “obvious falsehoods,” “superstition,” & quasi-religious “myths” for the purpose of deceiving the public about the fiscal capacity of those nations”

“3. This is done for the express purpose of keeping a majority of the voters from adopting social programs they consider desirable”

“4. Orthodox economists & fin journos spread their “obvious falsehoods” bc they think it is essential to subvert democratic choices. Decisions on public programs must be left to orthodox econs,who are far more likely to oppose public programs based on their lust for laissez faire

“5. Orthodox economists and financial journalists are proud of their lies, proud of their paternalistic elitism, proud of their efforts to suborn the democratic will of the voters, and proud that they – and only they – will decide policy on issues such as global climate change.”