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Labour’s fiscal credibility rule isn’t neoliberal–whatever MMTers say — Simon Wren-Lewis

Summary:
Simon Wren-Lewis's response to Bill Mitchell proves Bill's point. I can't wait to see Bill's smackdown, if he bothers to respond. I don't have the time to waste. SWL is out of his league here.SWL doesn't get that the conventional approach is neoliberal. Reiterating it and saying it is not neoliberal doesn't cut it. I have little hope that SWL or the rest of the left neoliberals will ever get it. They will have to be replaced. New StatesmanLabour's fiscal credibility rule isn't neoliberal — whatever MMTers say Simon Wren-Lewis | Emeritus Professor of Economics, Oxford UniversitySee alsoOlivier Blanchard shows his neoliberal colors.Market Watch What Modern Monetary Theory gets 'plain wrong' - former IMF chief economist Greg Robb

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Simon Wren-Lewis's response to Bill Mitchell proves Bill's point. I can't wait to see Bill's smackdown, if he bothers to respond. I don't have the time to waste. SWL is out of his league here.

SWL doesn't get that the conventional approach is neoliberal. Reiterating it and saying it is not neoliberal doesn't cut it. I have little hope that SWL or the rest of the left neoliberals will ever get it. They will have to be replaced.

Simon Wren-Lewis | Emeritus Professor of Economics, Oxford University

See also

Olivier Blanchard shows his neoliberal colors.

Market Watch

Greg Robb
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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