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Gerald Epstein — What’s Wrong With Modern Money Theory — Ramanan

Summary:
Gerald Epstein has written a book critiquing neochartalism from a policy perspective. On an initial look he seems to attack the neochartalists on two things: their reluctance to talk about rise in tax rates and the international aspect — the limited applicability of their ideas to a few rich countries.... Good. The debate is engaged. Having written a book about MMT, the author has no excuse for not knowing the MMT literature in detail and citing it where appropriate for a scholar. I am sure that MMT economists will be vigilant about this in their response. The Case for Concerted ActionGerald Epstein — What’s Wrong With Modern Money Theory V. Ramanan

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Gerald Epstein has written a book critiquing neochartalism from a policy perspective. On an initial look he seems to attack the neochartalists on two things: their reluctance to talk about rise in tax rates and the international aspect — the limited applicability of their ideas to a few rich countries....
Good. The debate is engaged. Having written a book about MMT, the author has no excuse for not knowing the MMT literature in detail and citing it where appropriate for a scholar. I am sure that MMT economists will be vigilant about this in their response.

The Case for Concerted Action
Gerald Epstein — What’s Wrong With Modern Money Theory
V. Ramanan
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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