MMT often boils down to nothing more than an especially naive sort of Keynesianism: assume an unlimited excess supply of every resource save money balances, and, voila! monetary expansion can costlessly finance all the projects we like!

MMT often boils down to nothing more than an especially naive sort of Keynesianism: assume an unlimited excess supply of every resource save money balances, and, voila! monetary expansion can costlessly finance all the projects we like! https://t.co/fHi4rpp2Vh # via @HuffPost

— George Selgin (@GeorgeSelgin) February 8, 2019