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Gordon MacIntyre-Kemp — Hot new economic theory is just one piece of the puzzle

Summary:
Half-informed.Many of the points made have been dealt with in the MMT literature, but the author seems to be only superficially informed about it. Almost no one has taken the time to educate themselves on MMT in a serious way before offering shoot from the hip criticism.On the other hand, these are valid considerations and if people are not informed about the MMT solutions, more education is required. That includes educating MMT evangelists so that don't just spread slogans or perpetuate myths. The MMT economists have done the heavy lifting and now it is time for both MMT proponents and those critiquing MMT to educate themselves about its breadth and depth. The National (Scotland)Hot new economic theory is just one piece of the puzzle Gordon MacIntyre-Kemp, Columnist

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Half-informed.

Many of the points made have been dealt with in the MMT literature, but the author seems to be only superficially informed about it. Almost no one has taken the time to educate themselves on MMT in a serious way before offering shoot from the hip criticism.

On the other hand, these are valid considerations and if people are not informed about the MMT solutions, more education is required. That includes educating MMT evangelists so that don't just spread slogans or perpetuate myths. The MMT economists have done the heavy lifting and now it is time for both MMT proponents and those critiquing MMT to educate themselves about its breadth and depth.


The National (Scotland)
Hot new economic theory is just one piece of the puzzle
Gordon MacIntyre-Kemp, Columnist
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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