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Upholding Economics — What’s wrong with MMT?

Summary:
In this article I will attempt (but probably fail) to critique MMT in good faith, but I will be targeting MMT as it is generally presented to the public — that is where I’ve digested most MMT content: mainly through MMT bloggers and on twitter. If this is at odds with some more academically pure version of MMT that exists in the literature, I can only suggest that modern monetary theorists could then work on their messaging somewhat.... Exactly how is that "good faith"?In addition, the critique is confused by the author's lack of understanding of institutional arrangements and operational realities. All of this has been raised before and explained. Nothing new to see here.Warren Mosler commented on Twitter: "Doesn't look like you've read my book."MediumWhat’s wrong with MMT? Upholding

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In this article I will attempt (but probably fail) to critique MMT in good faith, but I will be targeting MMT as it is generally presented to the public — that is where I’ve digested most MMT content: mainly through MMT bloggers and on twitter. If this is at odds with some more academically pure version of MMT that exists in the literature, I can only suggest that modern monetary theorists could then work on their messaging somewhat....
Exactly how is that "good faith"?

In addition, the critique is confused by the author's lack of understanding of institutional arrangements and operational realities. All of this has been raised before and explained. Nothing new to see here.

Warren Mosler commented on Twitter: "Doesn't look like you've read my book."

Medium
What’s wrong with MMT?

Upholding Economics

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.

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