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Modern Monetary Theory (MMT)—A Response to Henwood

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By Nathan Tankus, Rohan Grey, Scott Ferguson, and Raúl Carrillo Neither a Job Guarantee nor a Green New Deal will be won without brave, strong social movements. When it comes to building these movements, we joyfully follow the leadership of more capable community organizers and politicians. But to pass and administer the policies we all desire deeply, we think the left must embrace MMT. In doing so, we’ll finally bury “sound finance” (including ‘socialist’ sound finance) and, with it, the rest of the neoliberal order.Monthly ReviewModern Monetary Theory (MMT)—A Response to Henwood

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Neither a Job Guarantee nor a Green New Deal will be won without brave, strong social movements. When it comes to building these movements, we joyfully follow the leadership of more capable community organizers and politicians. But to pass and administer the policies we all desire deeply, we think the left must embrace MMT. In doing so, we’ll finally bury “sound finance” (including ‘socialist’ sound finance) and, with it, the rest of the neoliberal order.

Monthly Review

Modern Monetary Theory (MMT)—A Response to Henwood

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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