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Steve Roth — MMT and the Wealth of Nations, Revisited

Summary:
I just had occasion, in replying to a correspondent, to reiterate much of the thinking in my recent MMT Conference presentation. I thought it might be a useful and apprehensible form for some readers, so I’m reproducing it here. I’ve also explained this at somewhat painful length here. AsymptosisMMT and the Wealth of Nations, RevisitedSteve Roth

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I just had occasion, in replying to a correspondent, to reiterate much of the thinking in my recent MMT Conference presentation. I thought it might be a useful and apprehensible form for some readers, so I’m reproducing it here.
I’ve also explained this at somewhat painful length here.
Asymptosis
MMT and the Wealth of Nations, Revisited
Steve Roth
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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