The core issue with certain modern monetary theories is the assumption that a static equation (assets equaling liabilities), even if it appears self-evident, is reached through a random process.
The core issue with certain modern monetary theories is the assumption that a static equation (assets equaling liabilities), even if it appears self-evident, is reached through a random process.
This stance is like claiming that there will always be a balanced number of buyers and sellers, thus dismissing the impact of market fluctuations.
Additionally, when considering resource allocation over time, the demand for debt governs its price, resulting in variable interest rates and broader financial market implications.
"Block idiots."