by Summary:
I am more positive and optimistic about the TOP (The Opportunities Party) critique of MMT than Bill is. It seems to me that it makes the major concessions that are most significant to reversing the status quo mindset about government finance. The objections are easily met, and Bill does in the post. So I would say that the ball has been advanced toward the goal in New Zealand. MMT got some free publicity, too. I don't see a problem with people bringing up questions or making objections, especially when they admit that the government as household or firm analogy doesn't hold. MMT proponents need to be ready with answers, and Bill's post provides some to the specific issues raised by TOP.Bill Mitchell – billy blogWhen neo-liberal masquerades as anti-establishmentBill Mitchell |
Topics:
Mike Norman considers the following as important: Gareth Morgan, MMT, MMT criticism, New Zealand, The Opportunities Party, TOP
This could be interesting, too:
I am more positive and optimistic about the TOP (The Opportunities Party) critique of MMT than Bill is. It seems to me that it makes the major concessions that are most significant to reversing the status quo mindset about government finance. The objections are easily met, and Bill does in the post. So I would say that the ball has been advanced toward the goal in New Zealand. MMT got some free publicity, too. I don't see a problem with people bringing up questions or making objections, especially when they admit that the government as household or firm analogy doesn't hold. MMT proponents need to be ready with answers, and Bill's post provides some to the specific issues raised by TOP.Bill Mitchell – billy blogWhen neo-liberal masquerades as anti-establishmentBill Mitchell |
Topics:
Mike Norman considers the following as important: Gareth Morgan, MMT, MMT criticism, New Zealand, The Opportunities Party, TOP
This could be interesting, too:
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I don't see a problem with people bringing up questions or making objections, especially when they admit that the government as household or firm analogy doesn't hold. MMT proponents need to be ready with answers, and Bill's post provides some to the specific issues raised by TOP.
Bill Mitchell – billy blog
When neo-liberal masquerades as anti-establishment
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia