The Nice Limits of Modern Monetary Theory
Nixon MMTed, lasted overnight. FDR MMTed off gold overnight. FDR MMTedf to re-estabish gold, lasted a couple of weeks? Each of the First and Second US Banks needed a few months to MMT away. Took Lincoln a few MMT days to figure out Greenbacks.
MMT is valid until we reach our limit, after a few days. Then we reach our limit for a generation, then we MMT for a few days. But we do MMT, George Selgin, and we be MMTing again shortly, for a week or so depending on how prepared we are. MMT is a negotiation, the generational rebalance.
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