There are plenty of nuanced criticisms to be made about MMT, but the notion that MMT proposes "merely technical fixes" is a specious, oft-repeated leftist trope, which typically functions to firewall authentic left organizing & activism against MMT's genuine political import & implications.
That one time he let the cat out of the bag.
It’s #ModWrite Monday! Let us know what you’re working on (while hopefully keeping cool) 📖☀️
“money is no object; money happens”
If you haven’t read this essay on why paternity testing Olivia Rodrigo’s new music misses the point completely, what are you doing? It’s Sunday! Read it now!
If you haven’t read this yet, fix that as soon as possible: it’s a beautifully crafted response to a great album. And if you teach literature, you might want to consider using the second and third paragraphs as an example of how close reading works.
"[T]he barter myth is a theoretical coup de force against prior, openly political, conceptions of social life."
moneyontheleft.org/2026/06/20/t...
Check out Vol 1, No 1 of Money on the Left: History, Theory, Practice
moneyontheleft.org/motl-history...
"To the extent that this [barter origin] myth is accepted, the logic of bilateral exchange can function as the universal matrix of human relations, causing the myriad possibilities for coordinating economic life to recede from view."
moneyontheleft.org/2026/06/20/t...
The "barter myth," as Jakob Feinig explains in his introduction to this translation, "allows value to be conceived as prior to monetary institutions, creating the conditions for modern theories of value grounded in labor, utility, or scarcity."
moneyontheleft.org/2026/06/20/t...