Fabian socialist, John Maynard Keynes, the father of MMT, and arguably the the father of fiat currency, and Central Banking, such as our Federal Reserve System...In the long run we are all dead.
Herbert Stein, American economist, a senior fellow at the American Enterprise Institute who was once on the board of contributors of The Wall Street Journal. He was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford. From 1974 until 1984, he was the A. Willis Robertson Professor of Economics at the University of Virginia, and he is also the father of Ben Stein, no less than the economics professor in Ferris Bueller’s Day Off“If something cannot go on forever, it will stop.”
One effectively argued that it doesn't matter if it (the MMT driven economy) goes on forever or not because in the long run we are all dead anyway. The other argued that it will stop. The world has primarily listened to and followed the one who said it doesn't matter...
Thus in the end I must defer to our resident forum genius who's astute observation was and is always that "It depends!".
But some may prefer to defer to another genius who once said:
What difference at this point does it make!
