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DW (Deutsche Welle) — Modern Monetary Theory: Endless debt with no consequences?

Summary:
Unfortunately, there is widespread confusion over MMT as MMT economists have developed it and the way that others describe it. This article makes an attempt but fails to disentangle the knot of conflation, but at least it is an attempt at balance rather than the usual rant.DW (Deutsche Welle)Modern Monetary Theory: Endless debt with no consequences?

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Unfortunately, there is widespread confusion over MMT as MMT economists have developed it and the way that others describe it. This article makes an attempt but fails to disentangle the knot of conflation, but at least it is an attempt at balance rather than the usual rant.

DW (Deutsche Welle)
Modern Monetary Theory: Endless debt with no consequences?

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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