The problem for MMTers, Keynesians and “progressives” is that deficits are indeed:
a) immoral; AND
b) contribute greatly to economic catastrophes.
decades of confusion and muddle from the Keynesian elite in academia
and the media, average people know this. In fact, only 20% of the 18-29 year olds agree that government spending is an effective way to economic growth.
average people don’t seem to understand is that both deficits and
inflation are purposeful government policies enacted and defended by
people known as “Keynesians”. These points should be shouted from the
rooftops. There should be ubiquitous airplane banners announcing the
Romney is a bankster and Keynesian. Therefore, he has
to fool the public into thinking he’s opposed to deficits while
signaling to his masters in the elite that he is not going to abandon
their Keynesian looting spree.
That's why you MMTers are so
important to the cause. By being so explicit in your claims that fiat
funny-money "printing" through keystrokes is a policy that
actually should be enacted, you help alert the public to the true nature of
Keynesianism and help undermine decades of Keynesian obfuscation.