MMT acolytes gleefully ignore that Volker had to raise interest rates to 21.5% in 1980 to save the econ. Curious what’s 10% of $22 Trillion? and what’s double that? #NeverSayNever
“The principle that the end justifies the means, which in individualist ethics is regarded as the denial of all morals, in collectivist ethics becomes necessarily the supreme rule.��
—F.A. Hayek
Again to say that we should raise taxes at all is to admit that the government doesn’t waste a single dollar and that federal spending can’t be cut anywhere. Which obviously is a total fucking lie.
"Name three things that the government does cheaper and better than private individuals and organizations. It would be no trick at all to name dozens of things that the government does worse and at higher costs."