Is keynesian economics/MMT a meme?

Yes.

Unfortunately a meme very successful at self-replication as it targets women and other people without the faculty for abstract reasoning.

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This

MMT "works" if the money is allocated productively.

Everyone knows politicians are completely incapable of such a task, even if they weren't merely the puppets of those who own the media.

Austrian economics is literally the foundation of crypto-currency... “I don’t believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can’t take it violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can’t stop.” – F.A. Hayek 1984

Established in opposition to the consequences of neo-Keynesianism after the economics crisis of the 2000s. Feel free to notice the problem: wtfhappenedin1971.com/

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He was a depraved pedophile who economic "theories" have wrought untold damage on the human race, and worse yet, he fucking knew he was full of shit. Dying of sexually transmitted diseases he said: "I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago." source: maynardkeynes.org/keynes-career-timeline.html#intfin

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Only faggots and waitresses take MMT seriously. Austrian economics would set the world free.

Yeah MMT relies on the assumption that the government will properly allocate the money in ways that increase production more than the private sector could. Because that's what the government is doing when it prints money and spend them on things, any resources it uses are otherwise unavailable to the market. There are certainly ways in which game theory causes inefficiencies in a free market and the government can step in to better allocate capital. But the truth is politicians are largest inept and have no clue about economics, and will never properly allocate the money. It is almost always squandered 100% of the time.

But MMT also relies on the government having perfect knowledge about the economy, such as inflation and unemployment. Even if government politicians were also expert macroeconomists, all expert economists will acknowledge they cannot know everything with certainty, yet MMT says government spending is only limited by inflation, something that is subjective.

MMT then defines fiat currency in circular logic. That is government has power because it can spend, and it can spend because its currency has value, and its currency has value because the government has power to collect taxes. Once the currency is devalues, the entire value proposition breaks, the government can not collect taxes if the tax collector isn't getting paid.

user, please give me more data

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Lolbertarian pseuds ITT lmao

this is the intuitive anal cyst and diagnosis i expect from Zig Forums

fag detected
hope your fave bath house gets some stimulus money