Houses and Holes — The pros and cons of MMT

Summary:
Worthwhile article on MMT owing to the questions it poses. Not that MMT economists haven't addressed some of these questions. But I believe that some are still hanging. It also observes that an MMT-based world run on functional finance would look quite different from the conventional world of "sound money," especially with a Green New Deal in the offing to address the emerging challenges of global inequality of distribution and the threat of climate change. What does this imply socially, politically, and economically? It is also significant in that it attempts a systematic and comprehensive view of the challenges of making the switch from "business as usual," which is not working as people like Ray Dalio are point out, to something that is sustainable and suitable for emerging

Topics:
Mike Norman considers the following as important: MMT, MMT criticism, MMT critics

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