I thought I would ask everyone a question – how did you find MMT? IMO it is really important to understand what draws people to MMT in the first place. I’m sure that such experiences can be used identify strengths and weaknesses in how MMT is being disseminated into the public.
I’ll start off with my not too interesting introduction to MMT.
I’m sure everyone remembers the ‘Debt Crisis of 2011’. I was having a discussion with some friends regarding which party is more ‘fiscally responsible’ in paying down the debt. I was looking at some graphs showing the growth of Debt for the last 50 years. Basically it showed that the debt grew the fastest under Republicans. Anyway, I looked at the same graph except with an overlay of GDP growth. Interestingly there appeared to be no relationship – not even an inverse one – between debt levels and GDP growth. I thought WTF! What is all the fuss over? Why wasn’t this an issue when Bush raised the debt-limit 7(?) times? Obama was only raising it once.. Off to YouTube I went, searched for ‘American-debt’ or something similar. Noticed a video titled ‘US Debt is a myth’. Interesting I thought……
falling down the rabbit hole ever since..