Tag Archives: Bill Vickrey

Lars quotes Knut Wicksell and William ("Bill") Vickery.Lars P. Syll’s BlogMMT — the key insightsLars P. Syll | Professor, Malmo University

This morning, a former deputy governor of Australia’s central bank (RBA) published a short Op Ed in the Australian Financial Review (July 16, 2019) – Why there are no free lunches from the RBA – which served as a veiled critique of Modern Monetary Theory (MMT). The problem is that the substantive analysis supported the core of the MMT literature that we have developed over 25 years, refuted the standard macroeconomics textbook treatment of the link between the government and non-government...