Harper: MMT falsely assumes wealth can exist without production or trade-offs
Stephen Harper · Stephen Harper: Rejecting Wokeness, Addressing China, and Defending Western Values · Joe Lonsdale · Jul 27, 2021 · at 38:23
Former Canadian Prime Minister Stephen Harper criticizes post-pandemic fiscal spending and Modern Monetary Theory in a discussion with Joe Lonsdale on economic principles.
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“The fundamental principle of economic science is that human desires and wants always outnumber available resources, and you have to make choices. They're trying to convince everybody you don't have to make choices. You can have wealth, go to work or not work whenever you feel like it, and there will be no implications on your taxation or your standard of living or your interest rate or inflation or anything else. It's, you can just have whatever you want all the time, and production doesn't matter, and that's false.”
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