Econ. Prof. Mark Blyth comes close to being an MMTer. - Politics Forum.org | PoFo

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But, in some ways he is not there yet. 16 min long.


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03:06 [John] I think this is the least likely one in order to really generate growth.

[Mark] Okay so one of the things that we're hearing now is that even the conservative think tanks are saying whoa guys there's gonna be at least half a trillion on the deficit over ten years and some of the estimates go way exactly on the upper bound, way past that, so how is it possible the a party that sees itself has been the guardian of fiscal rectitude every time it gets into power becomes fiscally incontinent. Why do they never get called on that is there not some kind of grounds for some moment of self-reflection here or it might just be nice.

[John] My sense is that all parties are deficit hawks when they're not in power and everyone's okay with deficit spending on what they want to spend money on. So in this case Republicans are more than happy to deficit spend on corporate tax cuts, when the Democrats were in power they would have also been happy to deficit spend on expansions of [say] the EITC or . . .
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