a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
veen  ·  1922 days ago  ·  link  ·    ·  parent  ·  post: "Modern Monetary Theory" - a 2fer

Wait, help me out here - wasn’t Piketty arguing for something like that marginal tax rate? Did he not take the behavioral consequences into account or was it something fundamentally different? It’s not like a marginal tax rate on labor is the only way to get money from the rich.

And what exactly about MMT makes you think it will fundamentally alter things, instead of being just another ineffective / destructive approach like QE?