this post was submitted on 23 May 2026
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Yes they are. The government can print money for a healthcare system just as easily as it does for banks.
You're American, aren't you?
My government can't just print more money, it can sell bonds. It then has to pay interest on those AND pay back the principal too. Most of the government's money comes from taxes.
The EU can print more money, but we are not in control of that.
We also don't manufacture vaccines and medicine, we have to buy them from other countries. So they don't exactly appear out of thin air either.
But I guess if you're American, it's easy to see resources as unlimited because your country's been plundering the rest of the world.
No I'm not. https://en.wikipedia.org/wiki/Modern_Monetary_Theory
Countries using the € can't actually print money, only the European Central Bank can. So for any individual country, MMT doesn't apply, it's still mainstream economics as per the table in the article you linked. When we have a budget shortfall in Estonia, we sell bonds, cut costs or raise taxes. And our taxes are pretty fucking high already.
If you're a smaller nation with its own currency, i.e not the US or China and not part of the EU bloc, printing more currency just means it's worth less in other currencies and since you have to buy things (such as, again, vaccines and medicine) from other countries, you end up losing in purchasing power and you'll still have to decide what to buy and what not to buy. This is the "MMT in practice" section in your article where it mentions high inflation for pretty much all the countries that tried it, which are basically all latam countries. For SOME reason, no developed countries outside of the US do this at any scale, perhaps because nobody else's currency can take infinite printing without being devalued to fuck all.
No I'm not, I'm german. Which is the same diff in the context of the EU I get that. But I'd still maintain that the issue is likely the coddling of rich people and letting them spend the countries resources and laborpower how they wish instead of an actual shortage of vaccines.
Or tell me that it's all germany's fault, that's usually true as well.
Average salary in Germany is like 2x what it is here, of course your government can or should be able to afford a lot more than ours, purely based on the available tax base