My HeroI did not really explain MMT, Modern Monetary Theory, when I talked about it on Saturday. In preparation for this blog post I watched a few YouTube videos and concluded that it was true. MMT teaches that the way to economic prosperity and full employment is to print enough money and spend prosperity into the economy. There is no limit to the amount of money we can give our hard-pressed people. Happy Days are here again.
Former Vice President Dick Chaney was right, deficits don't matter. The obvious thing to do is print more money. There is no need to cut Social Security or Medicare. We can afford our empire with just throwing a few switches at the Department of Treasury.
Here is an interview with one of the founders of the movement, well no not really, it is just fun.
Not convinced? Here is another presentation without crash dummies. No one this pretty could be wrong.
MMT Explained Graphically!Financial salvation has arrived at the cost of a few trees for the paper. No doubt a few virtual trees will be cut as well.
Think of it! We have the chance to dwell in the Garden of Eden again. The Kingdom of God is just a few runs of the printing press away. Prosperity beyond our wildest dreams is just around the corner. We have found the pot of gold at the end of the rain ... oh, wait, never mind, that is a bad analogy.
Jesus has returned in the Form of the New Economic Perspectives.
Amen.