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The Deficit Myth: Modern Monetary Theory Primer (Book Review) — Ted Stamas

Summary:
SummaryPrimer on Modern Monetary Theory. Useful to understand Modern Monetary Theory and economics in general. Concept leans to the Socialist and Utopian side of the ledger. Not yet convinced but interested. Sees difficulty in passing policy based on use of policy space chiefly because the electorate is deficit and debt adverse (after years of being exposed to the conventional wisdom and fear-mongering).The post is interesting, too, in that it is the first I have encountered that is somewhat mid-range. The reaction is generally love it or hate it.Seeking AlphaThe Deficit Myth: Modern Monetary Theory Primer (Book Review) Ted Stamas

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Summary
  • Primer on Modern Monetary Theory.
  • Useful to understand Modern Monetary Theory and economics in general.
  • Concept leans to the Socialist and Utopian side of the ledger.
Not yet convinced but interested. Sees difficulty in passing policy based on use of policy space chiefly because the electorate is deficit and debt adverse (after years of being exposed to the conventional wisdom and fear-mongering).

The post is interesting, too, in that it is the first I have encountered that is somewhat mid-range. The reaction is generally love it or hate it.

Seeking Alpha
The Deficit Myth: Modern Monetary Theory Primer (Book Review)

Ted Stamas
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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