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Modern monetary theory: the rise of economists who say huge government debt is not a problem — John Whittaker

Summary:
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

John Whittaker | Senior Teaching Fellow in Economics, Lancaster University
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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