MMT

will Corona bring us MMT?

With MMT, a massive shift in terms of centralization of power will take place. Drastic changes in our current system would be possible, with a massive push away from the private sector and from individual freedom toward more government control. This is extremely dangerous. History is our witness that centralization in the hands of government, particularly when coming from a so-called morally superior ideology, never has a good outcome for the people. State officials, institutional actors, and those closest to the top of the power pyramid were the only ones who ever benefited from such systems.

Modern monetary theory, or MMT, has been getting a lot of attention lately, often celebrated as a revolutionary breakthrough. However, there is absolutely nothing new about it.

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Modern Monetary Theory Is an Old Marxist Idea | Claudio Grass