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Modern monetary theory is gaining traction. But can it knock out free market capitalism? — Antony Funnell

Summary:
After more than four decades of dominance, free market capitalism is facing a challenge. Its rival, the blandly named modern monetary theory (MMT), has entered the ring promising to return economic planning to a less ideological footing.... Pretty good summary presentation of the kerfuffle between MMT and conventional economics. ABC News (AU)Modern monetary theory is gaining traction. But can it knock out free market capitalism?Antony Funnell for Future Tense

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After more than four decades of dominance, free market capitalism is facing a challenge.
Its rival, the blandly named modern monetary theory (MMT), has entered the ring promising to return economic planning to a less ideological footing....
Pretty good summary presentation of the kerfuffle between MMT and conventional economics.
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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