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Republicans hate MMT and Job Guarantees

Moller 19 (Zach, earned a Bachelor’s degree in Economics from the University of Florida and a Master’s degree in Economics from the University of Virginia. 07-18-2019 “What Is MMT, and Why Isn’t It Practical?” https://www.thirdway.org/memo/what-is-mmt-and-why-isnt-it-practical)//BH-NB//

Enter a new far-flung theory, this time from the far left. Modern Monetary Theory (MMT) promises that we should stop obsessing over how to pay for policies such as Medicare for All, a federal jobs guarantee, a universal basic income, free college—anything really. Imagining a world without federal budget constraints is politically attractive to some progressives because they’ve rightfully felt short-changed by blatant Republican hypocrisy. Republicans screamed about the national debt when Obama was in office trying to save the economy from the great recession, and then passed a huge tax cut for high-income and wealthy individuals and corporations in the midst of an economic expansion.

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