Summary:
These claims are wrong. They are either not what MMT says or the telling is distorted. For the record, MMT actually says is quite different....Tax Research UKA Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal.Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
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Mike Norman considers the following as important:
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These claims are wrong. They are either not what MMT says or the telling is distorted. For the record, MMT actually says is quite different....Tax Research UKA Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal.Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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These claims are wrong. They are either not what MMT says or the telling is distorted. For the record, MMT actually says is quite different....Tax Research UK
A Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal.
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum