by Summary:
Interesting from the perspective of a "progressive" criticism of MMT. It worth looking at to see how difficult it is going to be to get beyond ideological preconceptions. The author has taken the time to read The Deficit Myth and the recently published MMT macro textbook. The criticism is not that MMT is "wrong," but rather than it misrepresents some things that "progressives" get right. The author also thinks that the foundation for MMT's theory of money in Knapp's chartalism is "implausible." This criticism is based on a superficial view of the origin of money as commodity money, which the author views as being obvious. Green LeftModern money and deficit mythsNeville Spencer
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Mike Norman considers the following as important:
This could be interesting, too:
Interesting from the perspective of a "progressive" criticism of MMT. It worth looking at to see how difficult it is going to be to get beyond ideological preconceptions. The author has taken the time to read The Deficit Myth and the recently published MMT macro textbook. The criticism is not that MMT is "wrong," but rather than it misrepresents some things that "progressives" get right. The author also thinks that the foundation for MMT's theory of money in Knapp's chartalism is "implausible." This criticism is based on a superficial view of the origin of money as commodity money, which the author views as being obvious. Green LeftModern money and deficit mythsNeville Spencer
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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Interesting from the perspective of a "progressive" criticism of MMT. It worth looking at to see how difficult it is going to be to get beyond ideological preconceptions.
The author has taken the time to read The Deficit Myth and the recently published MMT macro textbook. The criticism is not that MMT is "wrong," but rather than it misrepresents some things that "progressives" get right. The author also thinks that the foundation for MMT's theory of money in Knapp's chartalism is "implausible." This criticism is based on a superficial view of the origin of money as commodity money, which the author views as being obvious.