The failures of communism in the twentieth century were an indictment not of socialism but of autocracy and central planning. After four decades of Gilded Age-style capitalism, it is time to give cooperative production and egalitarian distribution another try, this time through a democratic "sharing economy."Once we all agree on the default amount, then is is straight back to capitalism.
AOC's version of MMT is like Nixon', and it lasted 24 hours. Once everyone agrees on the ignorance of the previous generation, then we can price their incompetence, and stick the charge to the bond holders. It is fair, bond holders get the shaft because they believed in the 'This time is different' fraud.
The new generation off the hook, they do not need socialists, they have just dumped most of the pending debt service costs. We might get delusional pundits along the way, but just ignore them, look instead at how Nixon and Roosevelt did their respective MMTs.
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