Edward Hadas — Fear of fiscal deficits is overdone

Summary:
MMT. Edward Hadas makes a couple of mistakes:  Steven Keen is not an MMT economist although he is an MMT ally and QE is not the same as fiscal injection in that the former creates no new aggregate net financial assets in non-government while fiscal injection does. But these are subtle points and the rest of the piece is favorable, so no quibbles.  Reuters is a news service, and I initially picked this up at NADAQ. So MMT is getting wide exposure.Reuters Breaking ViewsHadas: Fear of fiscal deficits is overdoneEdward Hadas

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Mike Norman considers the following as important: MMT

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