Opinion: Democratic candidates are channeling late-night infomercials
By George F. Will George F. Will Columnist covering politics and domestic and foreign affairs Email Bio Follow Columnist March 8 A four-word phrase common on late-night television, exclaimed by announcers giddy about their offers: “Buy this kitchen knife that is so sharp it can slice and dice diamonds, and we’ll throw in a nonstick frying pan that can double as a satellite dish. BUT WAIT! THERE’S MORE! If you call immediately, we’ll include a homeopathic cure for sciatica.
MMT, which supposedly banishes nitpicking worries about how to pay for things, is the Democrats’ intellectual breakthrough du jour. Although the theory remains somewhat hazy , it is this: Actually, MMT teaches that everything, feasible or not, is affordable in the sense that government can always come up with fiat money with which to pay for it. So, it is not just that happy days are here again; it is that never in the long human story of intractable scarcities have there been days as happy as those that MMT promises.
In Washington, the behavioral “deficit hawk” is not a rara avis, it is extinct. The current president was elected after promising not to touch the major entitlements that are drivers of the deficit. When the unsustainable trajectory of the entitlements was explained to the current president, he reportedly said, “Yeah, but I won’t be here.
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