Tuesday , November 5 2024
Home / Mike Norman Economics / Modern monetary theory: the rise of economists who say huge government debt is not a problem — John Whittaker

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

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00

Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten

Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.


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.

Leave a Reply

Your email address will not be published. Required fields are marked *