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Home / Tag Archives: MMT ciritics

Tag Archives: MMT ciritics

Bill Mitchell — How to discuss MMT without discussing it – BIS style

On October 13, 2019, the Bank of International Settlements published a paper – Exiting low inflation traps by “consensus”: nominal wages and price stability – (which was based on a speech one of the authors was to make in late November at a conference in Colombia). The reason I cite this paper is because it talks about Modern Monetary Theory (MMT) – in pejorative terms, without really knowing what MMT is. But the most interesting aspect of it was the admission that the mainstream theory...

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Rajrishi Singhal — Opinion | India’s ailing economy needs a green pill for revival

GND and MMT make it to India.LiveMint (India)Opinion | India's ailing economy needs a green pill for revival Rajrishi Singhal | consulting editor of MintCritical article on MMT but well-researched and worth reading. Modern monetary theory has provided hope that the current economic problems can be solved if we look at things in a "new" light. Blinded by this hope, the fact that this theory is not "new" and has failed in the past has remained hidden. Business Today (India) Ravi Saraogi, CFA...

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