So, here we have another fine example of MB delusions being shattered on the jagged rocks of EZFKA REALITY.
With the money-printing fairy granting Davo pretty much everything that he had asked for, he is beginning to appreciate the disaster that this will unleash. He does his “woe is me” routine:
I have campaigned for MMT in the full knowledge of the dangers of political misappropriation. But I did not think that it would present itself quite so quickly!It seemed more likely that it would take a full cycle for pollies to catch on to this newfound honey pot to buy influence.
I had hoped that MMT would be deployed in constructive outcomes such as human and hard infrastructure (such as it is being under the Biden administration).
But we have the worst, most corrupt and least accountable politicians in the developed world. So it should not really be a surprise
well, gee, you sure are acting quite surprised in response to something that “should not really be a surprise”!
How bloody long does it take someone to realise that the real issue was never lack of money, tax settings, productivity, or whatever. So nothing can possibly be changed by adding money, changing tax settings, improving productivity, whatever.
The underlying issue has always been a confluence of power structures, vested interests and culture and customs. Without a change in that, it was always pretty much 100% guaranteed that lower taxes, more money (whether credit or MMT), improved productivity, whatever would always be captured to reinforce the status quo and everything that Davo rails against.
I guess you can’t fix stubborn?
so look forward to more “solutions” from MBblokes that turn out differently to how they imagine. Should be fun. As always.