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Another economist offers a weak criticism of MMT.The lack of affordability argument based on government as a big firm or household has been tossed in the trashing. The rebuttal is so obvious not one wants to touch it anymore.The pivot is to eventual inflation looming — some day. Like MMT economists have ignored that.The Conversation Modern monetary theory: the rise of economists who say huge government debt is not a problem John Whittaker | Senior Teaching Fellow in Economics, Lancaster University
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Another economist offers a weak criticism of MMT.The lack of affordability argument based on government as a big firm or household has been tossed in the trashing. The rebuttal is so obvious not one wants to touch it anymore.The pivot is to eventual inflation looming — some day. Like MMT economists have ignored that.The Conversation Modern monetary theory: the rise of economists who say huge government debt is not a problem John Whittaker | Senior Teaching Fellow in Economics, Lancaster University
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Another economist offers a weak criticism of MMT.
The lack of affordability argument based on government as a big firm or household has been tossed in the trashing. The rebuttal is so obvious not one wants to touch it anymore.
The pivot is to eventual inflation looming — some day. Like MMT economists have ignored that.
The Conversation
John Whittaker | Senior Teaching Fellow in Economics, Lancaster University