Pramila Jayapal is batshit crazy for MMT…
Pramila Jayapal — ‘The Democrat Party is trying to explode the idea of paying for things’
Jayapal was asked about using Modern Monetary Theory (MMT) in order to make the Green New Deal work. MMT is a progressive fantasy that entails printing trillions to pay for every pond-sucking proposal ever imagined.
“Yeah, well, let me pull that apart a bit. We just had Stephanie Kelton, who wrote that wonderful book on MMT, come in and speak to the caucus, because we are trying to explode the debt and deficit myths that exist even within some of our own progressive caucus members. But in the Democratic Party writ large, we are also trying to explode the idea of paying for things. It’s part and parcel of that.
But we have I was talking to Katrina about how the Congressional Budget Office scores bills. Well, they have a terrible way of scoring bills, number one. But on top of that, they don’t score based on things like is this bill going to reduce income inequality and wealth inequality? Is this bill going to reduce racial, economic and racial injustices? Those kinds of things.”