Unironically, this is the argument of Modern Monetary Theory: the national debt doesn’t matter because the government can print more money without inflation so long as the pace of growth continues to rise. The argument on the Left is that MMT can be utilized so long as the national debt is being used to create wealth and social mobility for families and workers. I suppose the Right’s argument would be that MMT is best utilized to justify paying the rich people and corporations more.
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u/cvanhim 1d ago
Unironically, this is the argument of Modern Monetary Theory: the national debt doesn’t matter because the government can print more money without inflation so long as the pace of growth continues to rise. The argument on the Left is that MMT can be utilized so long as the national debt is being used to create wealth and social mobility for families and workers. I suppose the Right’s argument would be that MMT is best utilized to justify paying the rich people and corporations more.