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Joined 1 year ago
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Cake day: June 12th, 2023

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  • I guess the thinking is that in the past economic growth has been the way governments dealt with paying back debts (or making them look smaller as part of the GDP). Instead of raising taxes or issuing currency to pay back debt, you’d grow the tax base by growing the economy.

    MMT is currently challenging this thinking obviously, and the answer to this (as with every other challenge we’re facing, like inequality, pollution, corruption, …) is taxing the rich, not somehow procreating more.

    If managed well, a slowly shrinking population can be managed without too much issues and would allow us to live within our planetary means, which are the real contraints on the economy and our survival.