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Michael R. Strain — ‘Modern Monetary Theory’ Is a Joke That’s Not Funny

Summary:
Scraping the bottom of the barrel. Mocked on Twitter. Michael Strain is straining. The Establishment is grabbing at straws as their world begins to collapse. Of course, the "joke" is not funny when the joke is on you. Actually, his attempted screed is pretty funny. He is forced to admit that MMT has it right and then look for reasons like political irresponsibility that admitting it will blow up the world.Bloomberg Opinion‘Modern Monetary Theory’ Is a Joke That’s Not Funny Michael R. Strain | director of economic policy studies and resident scholar at the American Enterprise Institute

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Scraping the bottom of the barrel. Mocked on Twitter.

Michael Strain is straining. The Establishment is grabbing at straws as their world begins to collapse. Of course, the "joke" is not funny when the joke is on you. Actually, his attempted screed is pretty funny. He is forced to admit that MMT has it right and then look for reasons like political irresponsibility that admitting it will blow up the world.

Bloomberg Opinion
‘Modern Monetary Theory’ Is a Joke That’s Not Funny

Michael R. Strain | director of economic policy studies and resident scholar at the American Enterprise Institute
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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