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Thomas Palley is one of the more persistent MMT critics. His article “What’s wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy” was published just as I was finishing up this manuscript. Although I am not greatly impressed with the quality of the criticism, it covers many of the topics discussed in this chapter. If one wanted a summary critique (and not rely on my summaries) of major points of dispute, this might be the briefest summary.Bond Economics Comments On Palley's MMT CritiqueBrian Romanchuk
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Mike Norman considers the following as important:
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Thomas Palley is one of the more persistent MMT critics. His article “What’s wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy” was published just as I was finishing up this manuscript. Although I am not greatly impressed with the quality of the criticism, it covers many of the topics discussed in this chapter. If one wanted a summary critique (and not rely on my summaries) of major points of dispute, this might be the briefest summary.Bond Economics Comments On Palley's MMT CritiqueBrian Romanchuk
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Thomas Palley is one of the more persistent MMT critics. His article “What’s wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy” was published just as I was finishing up this manuscript. Although I am not greatly impressed with the quality of the criticism, it covers many of the topics discussed in this chapter. If one wanted a summary critique (and not rely on my summaries) of major points of dispute, this might be the briefest summary.Bond Economics
Comments On Palley's MMT Critique
Brian Romanchuk