To clarify, MMT is not Keynesian, and not even post-Keynesian. The key figures that influenced the MMT development (Minsky, Hudson, Mitchell) were/are Marxists.

Keynes proposed government stimulus (deficit spending) only during crisis of capitalism, and fully supported right-wing austerity when the economy is going well. MMT says that the government should run a perpetual deficit spending program to drive the economy. That’s the key difference between Keynesianism and MMT.

[–] QueerCommie@hexbear.net 4 points 2 years ago

I’m aware there’s a difference. Hudson’s just all over the place. The other day I was listening to him and Radhika Desai and he started using Georgist talking points and then suggesting that Capitalism has fallen to feudalism with the “rentier takeover.”