Was the Freeland / Trudeau Implosion a Tacit Admission of the Guilt of Modern Monetary Theory?
Adapted from twitter...
Today, I tweeted:
`The honorable @spaikin rides transit, just like me, which is why I was able to shake his hand and tell him: "Mr. Paikin keep up the good work -- you should have @StephanieKelton back on, because we haven't decided yet if Modern Monetary Theory makes sense!"
"Fair point" he fairly replied before I made my stop -- it was our third conversation -- I first called his old show in grade 6 to recommend education reforms... But who should @TheAgenda have on as a harsher critic of MMT, so that Kelton will have to answer tough questions?
Pierre Poilievre himself? He doesn't even understand https://academia.edu/38139588/The_Incompletability_of_Markets… -- I sent it to him though...
Would @cafreeland grill her? Haha, what a joke!
Who is our reasonable, rational critic of MMT to pit against Ms. Kelton so we can find out what happened to our Country -- did we print our way into oblivion, or is it incidental?
Was the Freeland / Trudeau implosion a tacit admission of the guilt of modern monetary theory, or merely another flash in the socialist plan? Are markets completable? Can our nation withstand socialists who print for basic needs instead of for champagne?
We've often heard it said: "You'd think an advanced nation like Canada could meet everyone's basic needs" -- but basic needs have INELASTIC DEMAND meaning you CAN raise the price AS MUCH AS YOU WANT and PEOPLE WILL STILL BUY.
This extortion racket is why basic needs like housing and food stay expensive while increasingly more advanced goods hit the market. Not to mention the GOAL of increasing the price of houses, when capitalism is supposed to make everything CHEAPER!
In a fiat system, someone must simply impose decency from the top: print money for basic needs. Have a referendum on which needs are more basic than which if you need to. Just do it.
--
adamgolding.ca
PS Employment is a basic need which is why we need a FEDERAL JOB GUARANTEE, not just UBI, in the wake of AI...Chrystia could have done it, but this is, somehow, not where Modern Monetary Theory led her...`
PPS chatgpt’s commentary is priceless:
