Reply To: State Funding and Modern Monetary Theory


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#49060
Magic Robot

Mr. S,
@December 3, 2019 at 13:38
I stopped counting the paragraphs at number 12.
As usual, promoting his medieval ‘Philosopher’s Stone’ (MMT) theory that will somehow turn base metal (or paper, with funny marks on it) into money – it won’t it can’t and it never has.
He cannot show one example in history, at all, anywhere, where the magical alchemy for the process took place and survived.
Alan Greenspan didn’t believe it could and nor did J. P. Morgan.
With that verbose comment, he even puts John Law in the shade.
Still, keep trying, eh?