Comments by "Dr. Ricco Lindner" (@Dr.RiccoMastermind) on "Modern monetary theory is not a policy" video.

I love the ways you always find to explain things so clearly and intuitively, a benefit to us even if not new to the topic (of MMT e.g.)
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Well, what I always understood from many reknown MMTers (the core members and many speaking at "The MMT podcast") about the job guaranty is that they are aware that job guaranty might be the only policy that can be derived from MMT and might be important to implement, but not because it's neccessary for MMT to work but for an optimal outcome and utilization of MMT tools. They do often link MMT and job guarsnty policy together, but they know it's only a policy to be chosen, even if obviously inevitable for the best outcome
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What is the problem with that? First, who cares if alles or care nominally costs more than 50 years before if wages rose accordingly? The price tag is only important in relation income, not in itself. And some small controlled inflation every year is important for revenue expectations of companies. Our societies didn't collapse because of continuous price increase
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@branduusituuli you didnt talk about hyperinflation or periods of high inflation. This is something specific. I was taking on your point and talking about moderate inflation in general, not about extremes which each had a set of causes, mostly specific for each country
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@branduusituuli on market growth and price increases of course. If companies have to be afraid that prices will fall over the next years they have to think if their production costs now are not already to high. And many people would be post-poning some purchases as well. That's what deflationary phases are more feard that moderate inflationary phases
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@branduusituuli you are right, I meant to also include other forms of income. The problem is indeed, that the focus is mostly on wages, like in wage-price-spirals or tariff negotiations. So that is why politicians like to to politics for workers, which I find bad
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@branduusituuli but what exactly is the cause of that? I believe it's neoliberal politics and neoclassical thing in favour of an as small as possible state with barely any money to spend. And if so, then spend it on the rich (or allow them to pay less taxes) than on the poor and vulnerable and powerless parts of our society. This is disgusting! And MMT and other related heterodox ways of economic thinking try to get back some fairness and equality
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@blackbulldog4897 no, I have to disagree. Since MMT just describes the working of the monetary system, you could use it for any kind of political agenda. You don't need to care about full employment in order for MMT to actually work. But if you want an optimal running economy you better try to aim at high employment rates. You still could just pay unemployed people for doing nothing, it's just not wise or efficient. MMTer just rightfully incorporate JG since they claim it's one of the few policies that can be derived from MMT as obviously helpful
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