56/ Here is the clip, I have no idea if he’s right or not about this particular argument, but I do think that (as far as I’ve gotten in the book) MMT seems very US centric and I also wonder if this protection they get from being a “universal global currency” protects them in ways they might not be completely aware of.
59/ Ah nice, finally we have some mention of a more “global” economy. And this is where I want to learn more “trade deficit” vs “trade surplus” and how it interacts with currencies.
57/ The parts of MMT that I like are the descriptive parts. Where they just talk about How Stuff Works In Practice. The problem I have (and tbh they are by far the worst here) is that when they slip over from descriptive to prescriptive it’s like they don’t even notice. They go straight from How Stuff Works to My Opinion without skipping a beat. And then I start to wonder if they can even tell the difference.