this post was submitted on 12 May 2026
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Local government isn't a currency issuer though. Sure a city can issue bonds but that's real debt, just like household debt.
Currency issuing governments, well yeah that's another story.
Notice how I didn't say local government. I specifically said not to criticise Mamdani because it's not his fault, but he could and should be doing MMT propaganda explaining these concepts and showing how absurd it is that we make the political decision of giving this arbitrary limit to public spending at the local level.
I more or less agree with your point. But it's hardly fair to make a comment in a thread about a specific topic then get upset if people discuss it in the context of that topic.