Modern monetary theory is the sociopathic offspring of misinformed Keynesianism and manipulative trickle-down economics.

On its surface, the traditionall progressive view that “we can print infinite money, so we should print more it for the world’s marginalized people” is a noble goal, but it is a badly misinformed approach.

That printed money inevitably gets subjected to the Cantillon effect, and most of it ends up with inefficient bureaucratic organizations and unelected officials (who then endorse the MMT narrative), and not with the people who need it.

And it sure as hell does not trickle down.

This is a Bitcoin nost.