by Summary:
Confuses QE (monetary policy) with fiscal injection (fiscal policy). Can't get much more wrong than that. Moreover, confuses the monetary in a monetary production economy with production of goods. The author is ill-informed and not qualified to speak on this topic. Fail.GoldSeekModern Monetary Theory: A Cargo Cult Keith Weiner, Monetary MetalsSee also Another straw man argument that makes stuff up. Well, not so much. Furman and Summers: “Although politicians shouldn’t make the debt their top priority, they also shouldn’t act as if it doesn’t matter at all.” This means you, advocates of Modern Monetary theory, or at least MMT’s “political supporters” who have “used it as a justification for ignoring government debt entirely.” To Whom might that refer, actually? No citation. Smear.
Topics:
Mike Norman considers the following as important: MMT, MMT criticism, MMT critics
This could be interesting, too:
Confuses QE (monetary policy) with fiscal injection (fiscal policy). Can't get much more wrong than that. Moreover, confuses the monetary in a monetary production economy with production of goods. The author is ill-informed and not qualified to speak on this topic. Fail.GoldSeekModern Monetary Theory: A Cargo Cult Keith Weiner, Monetary MetalsSee also Another straw man argument that makes stuff up. Well, not so much. Furman and Summers: “Although politicians shouldn’t make the debt their top priority, they also shouldn’t act as if it doesn’t matter at all.” This means you, advocates of Modern Monetary theory, or at least MMT’s “political supporters” who have “used it as a justification for ignoring government debt entirely.” To Whom might that refer, actually? No citation. Smear.
Topics:
Mike Norman considers the following as important: MMT, MMT criticism, MMT critics
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
Confuses QE (monetary policy) with fiscal injection (fiscal policy). Can't get much more wrong than that. Moreover, confuses the monetary in a monetary production economy with production of goods. The author is ill-informed and not qualified to speak on this topic. Fail.
GoldSeek
Modern Monetary Theory: A Cargo Cult
Keith Weiner, Monetary Metals
Another straw man argument that makes stuff up.See also
Well, not so much. Furman and Summers: “Although politicians shouldn’t make the debt their top priority, they also shouldn’t act as if it doesn’t matter at all.” This means you, advocates of Modern Monetary theory, or at least MMT’s “political supporters” who have “used it as a justification for ignoring government debt entirely.”To Whom might that refer, actually? No citation. Smear. Another fail.