this post was submitted on 04 May 2024
39 points (100.0% liked)
the_dunk_tank
15910 readers
283 users here now
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.
Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.
Rule 3: No sectarianism.
Rule 4: TERF/SWERFs Not Welcome
Rule 5: No ableism of any kind (that includes stuff like libt*rd)
Rule 6: Do not post fellow hexbears.
Rule 7: Do not individually target other instances' admins or moderators.
Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to [email protected]
Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The primary thing to understand is that MMT isn’t fundamentally a policy or policies, but rather is an explanation of the underlying mechanisms of currency. So in that sense, it’s applicable to a socialist economy that still has currency because, it explains how currency is functioning in the political economy.
In that sense it’s not that different than state ownership of the means of production. The state can own that and it’s still not socialism if the ruling class is an aristocracy or oligarchy or despot instead of the working class. It’s just a tool. That’s why the best retort to liberals poo-pooing MMT is to point out that the state already accepts MMT every time it passes a military budget.