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Alex Hughes — Economists in 2017: What Can They Agree On?

Summary:
MMT is mentioned, but the author buys into the criticism of MMT based on assuming central bank and Treasury consolidation, and he misses the key concept of Treasury issuance being a reserve drain in his criticism. He mentions Stephanie Kelton and gives a shout out to Scott Fullwiler, too. The post is also interesting as a look at popularized economics. Hughes cites an Izabella Kaminska post at FT Alphaville on MMT that is worth reading or re-reading as the case may be:  Why MMT is like an autostereogram. Kaminska cites a previous post of hers, but the link is broken. Here it is:  Yes Virginia, there really is Modern Monetary Theory. This later post has a couple of excellent quotes by Stephanie Kelton and Michael Hudson. The Market MogulEconomists in 2017: What Can They Agree On?

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MMT is mentioned, but the author buys into the criticism of MMT based on assuming central bank and Treasury consolidation, and he misses the key concept of Treasury issuance being a reserve drain in his criticism. He mentions Stephanie Kelton and gives a shout out to Scott Fullwiler, too. The post is also interesting as a look at popularized economics.

Hughes cites an Izabella Kaminska post at FT Alphaville on MMT that is worth reading or re-reading as the case may be:  Why MMT is like an autostereogram. Kaminska cites a previous post of hers, but the link is broken. Here it is:  Yes Virginia, there really is Modern Monetary Theory. This later post has a couple of excellent quotes by Stephanie Kelton and Michael Hudson.

The Market Mogul
Economists in 2017: What Can They Agree On?
Alex Hughes
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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