Monday , December 23 2024
Home / Mike Norman Economics / Tim Worstall — Zimbabwe’s Third Time Lucky – The Return Of The Zim$

Tim Worstall — Zimbabwe’s Third Time Lucky – The Return Of The Zim$

Summary:
Here he goes again. "Zimbabwe."Tim Worstall knows better. MMT's bottom line is availability of real resources to meet effective demand. Zimbabwe's problem is exceeding its real resource constraint fiscally. The predicable result based on MMT analysis is inflation.  This is trivial. Either Tim Worstall is ignorant of MMT, or he is being disingenuous. Continental TelegraphZimbabwe’s Third Time Lucky – The Return Of The Zim$ Tim Worstall

Topics:
Mike Norman considers the following as important: , ,

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


Here he goes again. "Zimbabwe."

Tim Worstall knows better. MMT's bottom line is availability of real resources to meet effective demand. Zimbabwe's problem is exceeding its real resource constraint fiscally. The predicable result based on MMT analysis is inflation. 


This is trivial. Either Tim Worstall is ignorant of MMT, or he is being disingenuous.
Tim Worstall

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *