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A Fed bank publishes the most idiotic critique of MMT ever!

Summary:
This should be an embarrassment for the Richond Fed. Loaded with strawman arguments, misrepresentations, false claims and deeply flawed dogma. Worst hit piece ever. https://www.richmondfed.org/publications/research/economic_brief/2021/eb_21-12 https://mikenormaneconomics.blogspot.com/2021/09/absolutely-idiotic-hit-piece-on-mmt-by.html

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This should be an embarrassment for the Richond Fed. Loaded with strawman arguments, misrepresentations, false claims and deeply flawed dogma. Worst hit piece ever.



https://www.richmondfed.org/publications/research/economic_brief/2021/eb_21-12



https://mikenormaneconomics.blogspot.com/2021/09/absolutely-idiotic-hit-piece-on-mmt-by.html
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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