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MixMastaTJ posted:Healthcare isn't a "supply/demand" issue like Fig Newtons. If I want a Fig Newtons and the store is out I buy off brand cookies. If I have a gunshot wound and can't get a doctor, I die. But Healthcare is a supply and demand issue in any system because the ability to meet demand is constrained by, among other things, geography and time. If an ED-209 goes on a rampage in my city the otherwise normal supply of gunshot doctors will get overwhelmed and some people simply won't get treatment, regardless of financial status. Similarly, getting bit by a coral snake in Florida is a likely death sentence because the cost of the antivenom, combined with the rarity of the bites, has resulted in the antivenom no longer being produced and available in Florida. And I don't see how changing the mechanism of government spending would change that calculus - sure, the government could fund sufficient antivenom production, but using your "build fewer tanks instead" option, why would they? If MMT has abstracted spending enough why wouldn't every project simply wind up funded to the max?
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Jan 28, 2019 20:06
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twodot posted:It may be the case that you personally can't understand the inflationary effect of building tanks that provide no actual economic utility, but please stop pretending that other people couldn't understand that. (Hint: it is extracting resources out of the economy while also increasing the money supply) The sight of tanks sparks joy, so they do not get thrown out.
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Jan 28, 2019 20:28
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