Heterodox
I give Robert Murphy an "A" for at least trying to understand MMT assumptions and definitions, but it seems to me (I am not an economist) that he has not yet grasped the MMT understanding of the economic concept of saving. I use "economic concept" to distinguish it from the ordinary language meaning. They are different and also have different meanings in different contexts, e.g., economic schools. The ordinary language meaning doesn't sufficiently distinguish portfolio as financial and...
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