GenZedong

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This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.

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Where does all the "redirected" taxpayer money go and why is capitalism so bad at allocating it? (criticalresist.substack.com)

submitted 3 months ago by CriticalResist8@lemmygrad.ml to c/genzedong@lemmygrad.ml

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[–] davel@lemmygrad.ml 2 points 3 months ago* (last edited 3 months ago)

My usual push-back on the federal “taxpayer money” framing.

Edit to add for the MMT skeptics, previously:

MMT is just a description of how fiat monetary sovereignty works. It’s not prescriptive, and it’s not comprehensive. For instance, it says nothing about international trade / international balance of payments / currency exchange.

Liberals, being liberals, take this description, expand it in liberal ways, add liberal prescriptions, and then call that mess—which can’t work—MMT as well.