He's rarely hailed as a genius, but rather a non-monarchical ruler who implemented MMT at scale for the first time.
I think the argument is that MMT when combined with a autocracy and public-private partnerships can lead to a country that best supports its national and racial identity while guarding against old money oligarchs or new money who seek a departure from that nationalism or racial identity.
Also, Germany's local savings banks (Sparkassen) and credit cooperatives (Genossenschaftsbanken) differed from Nixon's small banks in their number and structure, meaning the former state had a healthier middle economy, and over the longer term, would have created a healthier middle class. This is compared to "democratic", pseudo free market MMT in America which leads to growing wealth inequality. Is that true? There is some merit to it.
The argument goes that MMT isn't inherently wrong, but must be paired with a disciplined governance, public-private partnerships and racial nationalisism for maximum utility.
0 direct replies
No replies found.