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Cake day: July 2nd, 2023

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  • An interesting article. I hadn’t heard of MMT before this. Well… at least not stated in such a way.

    Spend too little while resources sit idle (unemployed workers, empty factories) and you condemn the economy to stagnation.

    So is this suggesting that we should rapidly ramp up spending? And that will bring the unemployed back to work? I think that’s rather simplistic, no? People are unemployed for a multitude of reasons, not simply that there isn’t enough work to go around.