Kalecki (1943) on why big business would abandon doctrine of 'sound finance' (austerity) if fascists take over: 'in a democracy, one does not know what the next Government will be like. Under fascism there is no next Government'. Puts recent embrace of fiscal activism in context.

so when #MMT gets on every business page, you shouldnt worry about its theoretical validity. You should ask what its rise tells us about the political context we live in. Economic ideas can have political power in hands of democratic socialist as much as in the hands of fascists.

and fascists, Kalecki tells us, are pretty good at reassuring big business by repressing opponents