Reparations

It being Sunday in north Georgia, obviously, I was listening earlier to The Sunday Edition with Michael Enright on CBC Radio 1.  The well-curated program ranged across what one would expect in a North America ripping itself into pieces, but there was a gem in the middle that tried to explain Modern Monetary Theory or MMT, a recently fashionable idea in economics.  It’s not a difficult theory, really, and it is fundamentally correct.  The theory is as follows:

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