by Good presentation about why getting progressives to admit that MMT is correct won't change them. It's about politics. Short read.In my view, the way to proceed is by calling attention to economic rent — financial rent, land rent, natural resources rent, and monopoly-monopsony rent — along with socializing negative externality instead of imposing true cost.A comprehensive analysis also necessitates going beyond economics and finance to include all other areas that are relevant ‚ individual and social, and social, political and economic — as well as how they fit structurally and operate functionally in terms of a whole system — the global economy.MMT is an integral part of the solution. But it is not THE solution.Independent AustraliaModern monetary theory and the real game Alan Austin
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Mike Norman considers the following as important: MMT, MMT and politics
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Good presentation about why getting progressives to admit that MMT is correct won't change them. It's about politics. Short read.
In my view, the way to proceed is by calling attention to economic rent — financial rent, land rent, natural resources rent, and monopoly-monopsony rent — along with socializing negative externality instead of imposing true cost.
A comprehensive analysis also necessitates going beyond economics and finance to include all other areas that are relevant ‚ individual and social, and social, political and economic — as well as how they fit structurally and operate functionally in terms of a whole system — the global economy.
MMT is an integral part of the solution. But it is not THE solution.
Independent Australia
Modern monetary theory and the real game