Kyle Jurek says liberal democrats should be placed in gulags or be put to death: “Liberals Get the F***ing Wall First.”In big picture sense, though, he's a nobody. All bluster and thunder and either gone by now or will be soon. Much like the doctors who do colonoscopies, in a few weeks we'll see Kyle Jurek's name and think he's just some asshole we've seen before.
The one more dangerous than Jurek would be Dr. Stephanie Kelton, Bernie's senior economic advisor, who is a strong advocate for Modern Monetary Theory. Modern Monetary Theory is a recipe for hyperinflation and destruction of the currency. We've seen this movie before. Countries like Zimbabwe, and today's Venezuela come to mind. Let me borrow a Tweet from Dr. Kelton that I've used before:
Kelton and the other MMT always cite these bad analogies. Is it stupidity, dishonesty, or are they just expecting anyone reading it to be stupid?
- The carpenter can run out of inches of wood, inches of nails, or inches in his tape measures. Or anything that is used to create real things of value.
- A stadium doesn't have anything to do with points to run out of. The officials can't give out points the teams didn't score and retain any credibility. The stadium rents out seats, sells food, and maintains a playing surface. It can run out of all of those.
- The airline can run out of Frequent Flier miles that they can redeem: they can run out of seats to put passengers in.
- The USA can run out of dollars if we want them to be worth something.
In a way, the MMT theorists are like Marvin the Paranoid Android in the Hitchhiker's Guide to the Galaxy. They've got “a million ideas. They all point to certain death.”