by Summary:
On balance positive, but Clive Crook is apparently unaware of the deeper MMT analysis of inflation control. Hint: it is not just raising taxes, as many presume from MMT 101. But the confusion indicates more work needed on educating both professionals and the public on MMT's stance on inflation and how it applies to the current situation. Stephanie Kelton has the megaphone so it is probably chiefly up to her.Anyway, worth reading. being an op-ed, it's pretty short.Bloomberg OpinionWhat Would Modern Monetary Theory Do About Inflation?Clive Crookhttps://www.bloomberg.com/opinion/articles/2022-02-10/inflation-continues-to-surge-what-would-mmt-followers-doSee alsoHo hum.ForbesMMT Isn’t Taking A Victory Lap – It’s On Its Last LegsBen
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On balance positive, but Clive Crook is apparently unaware of the deeper MMT analysis of inflation control. Hint: it is not just raising taxes, as many presume from MMT 101. On balance positive, but Clive Crook is apparently unaware of the deeper MMT analysis of inflation control. Hint: it is not just raising taxes, as many presume from MMT 101. But the confusion indicates more work needed on educating both professionals and the public on MMT's stance on inflation and how it applies to the current situation. Stephanie Kelton has the megaphone so it is probably chiefly up to her.Anyway, worth reading. being an op-ed, it's pretty short.Bloomberg OpinionWhat Would Modern Monetary Theory Do About Inflation?Clive Crookhttps://www.bloomberg.com/opinion/articles/2022-02-10/inflation-continues-to-surge-what-would-mmt-followers-doSee alsoHo hum.ForbesMMT Isn’t Taking A Victory Lap – It’s On Its Last LegsBen
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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But the confusion indicates more work needed on educating both professionals and the public on MMT's stance on inflation and how it applies to the current situation. Stephanie Kelton has the megaphone so it is probably chiefly up to her.
Anyway, worth reading. being an op-ed, it's pretty short.
Bloomberg Opinion
What Would Modern Monetary Theory Do About Inflation?
Clive Crook
https://www.bloomberg.com/opinion/articles/2022-02-10/inflation-continues-to-surge-what-would-mmt-followers-do
https://www.forbes.com/sites/benritz/2022/02/10/mmt-isnt-taking-a-victory-lap--its-on-its-last-legs/