[Marxism] 2020 - Sanders Takes Top Spot In Dem Quinnipiac University Connecticut

John Reimann 1999wildcat at gmail.com
Wed Feb 12 10:41:07 MST 2020


Basically, what the advocates of MMT argue is that their policy can
overcome the fundamental contradictions of capitalism itself. In other
words, reformism.

John Reimann

On Wed, Feb 12, 2020 at 8:55 AM MM <marxmail00 at gmail.com> wrote:

> On Feb 12, 2020, at 11:07 AM, John Reimann via Marxism <
> marxism at lists.csbs.utah.edu> wrote:
>
> Yes, debt does have to be repaid. Or, put another way, the US government
> does have to pay back those loans/bonds and T notes, or at least there has
> to be confidence that it will do so. At some point, as the world becomes
> flooded with dollars, the only way that the US government can maintain that
> confidence will be to increase the interest rate paid on those instruments.
> Does anybody think that won't have an affect?
>
>
> The US only has to issue bonds and T-bills because it’s a discretionary
> legal requirement imposed by Congress; there is no other basis for that
> requirement. I realize you aren’t going to read any of the materials that
> deal with all of this, but I’m not going to waste any more time dealing
> with fundamental misunderstandings like this. They’ve been dealt with at
> length in the MMT literature.
>


-- 
*“In politics, abstract terms conceal treachery.” *from "The Black
Jacobins" by C. L. R. James
Check out:https:http://oaklandsocialist.com also on Facebook



More information about the Marxism mailing list