Republicans like to mock Modern Monetary Theory — the idea that government can print money with impunity, that government can spend whatever it wants without the need to tax. Modern Monetary Theory is basically the “Dick Cheney ‘deficits don’t matter’ crowd” trussed up with a new fancy title.
Most Republican rightly lampoon this quackery, that is, when they’re not practicing the quackery themselves. Today, many of these same Republicans will vote for a bill that makes Modern Monetary Theory look like child’s play in comparison.
The monster spending bill presented today is not just a ‘deficits don’t matter disaster,’ it is […]
Full Post at thehill.com