by Summary:
Most of the financial "professionals" writing on (against) MMT are clueless about both MMT and also the basics of finance in institutional arrangments. They think that the world is still on the gold standard, for example, likely because they strongly believe that it ought to be. But beyond that, also clueless about how the accounting works at the macro level. A very few do understand MMT, however. Paul McCulley of Pimco and James Montier of GMO, for example. Here is another voice to add to the list of those that actually get MMT and therefore finance. Pass it on. There is also a link to download a PDF of the article.QuayGlobal InvestmentsInvestment Perspectives: Modern Monetary Theory, and why you're about to hear a lot more about it Chris Bedingfield Reposted at Live Wire
Topics:
Mike Norman considers the following as important: MMT
This could be interesting, too:
Most of the financial "professionals" writing on (against) MMT are clueless about both MMT and also the basics of finance in institutional arrangments. They think that the world is still on the gold standard, for example, likely because they strongly believe that it ought to be. But beyond that, also clueless about how the accounting works at the macro level. A very few do understand MMT, however. Paul McCulley of Pimco and James Montier of GMO, for example. Here is another voice to add to the list of those that actually get MMT and therefore finance. Pass it on. There is also a link to download a PDF of the article.QuayGlobal InvestmentsInvestment Perspectives: Modern Monetary Theory, and why you're about to hear a lot more about it Chris Bedingfield Reposted at Live Wire
Topics:
Mike Norman considers the following as important: MMT
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
A very few do understand MMT, however. Paul McCulley of Pimco and James Montier of GMO, for example.
Here is another voice to add to the list of those that actually get MMT and therefore finance.
Pass it on. There is also a link to download a PDF of the article.
QuayGlobal Investments
Investment Perspectives: Modern Monetary Theory, and why you're about to hear a lot more about it
Chris Bedingfield
Reposted at Live Wire
Here is an alternative viewpoint by an economist that is also a financial professional who actually cites MMT literature — but gets it wrong anyway.
Warren's Page
Modern Monetary Theory—A Critique