Heterodox
Modern Monetary Theory (MMT), which strives to explain macroeconomics in nations with sovereign, fiat currencies, represents a radical departure from conventional wisdom, making it a lightning rod for criticism. After spotting the headline in The National—“Hot new economic theory is just one piece of the puzzle”—I had some hope that Gordon MacIntyre-Kemp’s analysis would be rigorous and perhaps thought-provoking. My optimism was crushed just a couple of dozen words in, and the cringes...
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