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Reminder that MMT is based on availability of real resources for sale (stuff), not their nominal values in the market (prices). In monetary production societies, economics is the study of the production, distribution and consumption of goods rationed by price in markets. Price is therefore more closely related to quantities of goods instead of quantity of money. Monetarists are deluded about this.New Wayland BlogThe UK Energy Crisis: an MMT AnalysisNeilW
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Reminder that MMT is based on availability of real resources for sale (stuff), not their nominal values in the market (prices). In monetary production societies, economics is the study of the production, distribution and consumption of goods rationed by price in markets. Price is therefore more closely related to quantities of goods instead of quantity of money. Monetarists are deluded about this.Reminder that MMT is based on availability of real resources for sale (stuff), not their nominal values in the market (prices). In monetary production societies, economics is the study of the production, distribution and consumption of goods rationed by price in markets. Price is therefore more closely related to quantities of goods instead of quantity of money. Monetarists are deluded about this.New Wayland BlogThe UK Energy Crisis: an MMT AnalysisNeilW
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Mike Norman considers the following as important:
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New Wayland Blog
The UK Energy Crisis: an MMT Analysis
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