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Submitted by lambert on

There are some amounts that not even MMT could conjure up, with all the will in the world. Other amounts would be insulting.

I wonder what 40 acres and a mule would be, compounded, to pick the starting point if the country had managed to do Reconstruction right by doing land reform instead of wage labor and then sharecropping.

Submitted by hipparchia on

i know it is (a serious question). it's a good one. I'm not sure that "even mmt can't conjure up that much" is a good answer though.

Submitted by lambert on

... isn't on, no matter what. Crashing the world economy doesn't help anybody. $40 billion seems absurdly low, although that's the only figure I see in the article. I'd roll it into the guaranteed annual income which, I might add, covers previously unpaid housework....