Tim Nadreau: Fascism By Any Other Name
Monetary and fiscal policy have undergone dramatic changes since Covid-19, and movement towards Modern Monetary Theory has accelerated in the U.S.. Economics as a profession still views the theory as heterodox and has largely left it alone to “die on the vine” as it were. Because MMT is a bit of an intellectual curiosity and is politically advantageous to both the democrats and the republicans, it is gaining momentum in an applied context. Because conservatives and libertarians want to be left alone and to leave others alone, they have too often been apathetic to the weeds growing in their gardens. I argue that the inflation we have seen over the past few years will not be anomalous in the next two decades. It is the result of MMT slowly taking hold. This talk is designed to provide an overview of the primary assumptions of MMT and untangle the Gordian knot of truth and lies it so carefully weaves together. Finally, we will outline the ultimate consequences, intended or unintended, by such a philosophy of employment, money, and prices. George Buchanan was a late 16th-century Scottish Reformed thinker who used Scripture, history, and the natural law to argue for the restraint of civil rulers, the resistance to tyranny, and the freedom of Christian citizens. Like its namesake, the George Buchanan Forum is a community of liberty-minded Christians seeking to integrate theology, political theory, economics, and history. Learn more at... https://www.tgbf.org https://www.facebook.com/TheGeorgeBuchananForum
