The crisis has given rise to a range of new ideas and theories to replace the discredited view of the economy. The newest and most imaginative of these is known as Modern Monetary Theory (MMT) and is one of the first theories to owe its growth to the internet. Without a doubt MMT is radical and completely turns established economic thinking on its head. If it is correct then it would change the way we think about the economy forever.
Have you ever thought old people have it too easy? That we’re wasting money on the sick? That money should redistributed from them to the super rich? Do you think Mitt Romney and other rich people should only pay 1% in tax? Do you believe we should take from the poor to give to the rich? Have you ever looked at Somalia and thought “that country does well without a government, we should defund ours”? Do you oppose laws that would require men and women to get equal pay for equal work? Do you like pretending to be a deficit hawk while really massively increasing the national debt? If so then you’ll love the Republican Vice Presidential candidate Paul Ryan. Continue reading “The Disastrous Mr Ryan”