Über-statistician Nate Silver notes that according to recent polling, libertarian views are on the rise, both social libertarian and economic libertarian.
As a libertarian of the left this is welcome news to me. But as someone who understands the basics of MMT, along with the scientifically established fact that human beings are primarily social rather than individualistic, it is not all good news.
It is good news in that the country is moving past the days when culture was largely dictated by mores of the past. On the positive side for all libertarians, that is, of both left and right, this means that broader freedom and fundamental human rights are being recognized to a greater degree. We don't need politicians in our bedrooms, or government in the doctor's office when we visit.
On the negative side for those who understand MMT, the economic data may suggest a failure to comprehend sectoral balances and how government and non-government cannot be in surplus simultaneously. (See Stephanie Kelton, What Happens When the Government Tightens its Belt? and What Happens When the Government Tightens its Belt? (Part II) for the MMT reasoning.)
Ignorance of sectoral balances inevitably leads to policy choices that result in economic contraction and loss of financial independence for many as they are forced to draw down savings, sell assets, or borrow to maintain lifestyle, which is unsustainable. Those in the most precarious postion begin to fall into poverty — the opposite of libertarian values.
Read Nate's post at the New York Times (subscription required, but you can get in with this link)