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Debunking the myth of ‘helicopter money’ — Yeva Nersisyan and L. Randall Wray

Summary:
This post is from last April. It is an excellent summary of contemporary issues, so here is again now these issues are coming to the fore owing to the publication of Stephanie Kelton's The Deficit Myth. It shows how most of the critiques aimed at MMT miss the mark since MMT doesn't hold those positions they attribute to it.Japan TimesDebunking the myth of ‘helicopter money’Yeva Nersisyan, associate professor of economics at Franklin & Marshall College, and L. Randall Wray is a professor of economics at Bard College and a senior scholar at the Levy Economics InstituteOriginally published at Project Syndicate

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This post is from last April. It is an excellent summary of contemporary issues, so here is again now these issues are coming to the fore owing to the publication of Stephanie Kelton's The Deficit Myth. It shows how most of the critiques aimed at MMT miss the mark since MMT doesn't hold those positions they attribute to it.

Japan Times
Debunking the myth of ‘helicopter money’
Yeva Nersisyan, associate professor of economics at Franklin & Marshall College, and L. Randall Wray is a professor of economics at Bard College and a senior scholar at the Levy Economics Institute
Originally published at Project Syndicate

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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