MMT Failed Its First Big Inflation Test
Here’s a NY Times piece calling for a MMT “victory lap”, with an asterisk. It’s an interesting article, but the asterisk seems to be doing an awful lot of heavy [ … ]
Search Results for: MMT
Stop Saying MMT Describes Reality – It Doesn’t
I had a good laugh at this Tweet from Jo Michell (who is a very good economist by the way). It seems to be from a UK blog advocating for [ … ]
Odd Lots Podcast – Talking MMT
I joined the great Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots Podcast to discuss MMT. We covered my journey learning MMT during the financial crisis, the good in [ … ]
The Shortest (and Best) MMT Primer You’ll Ever Read
NB – About 10 years ago I wrote an MMT primer after first being introduced to the theory. I initially thought the theory was coherent and operationally sound, but it [ … ]
MMT’s True Colors Appear
Modern Monetary Theory, aka MMT, has hit the mainstream and some Liberal politicians like AOC are giving it full-throated endorsements. I need to stop playing Mr. Politically Correct with this [ … ]
MMT – The Good, the Bad and the Ugly
Modern Monetary Theory (MMT) is in the news a lot lately. And that has resulted in a number of “critiques”. Most of these critiques are, to be blunt, bad. The [ … ]
You Can’t Debunk MMT
Back in 2010 I came across Modern Monetary Theory (MMT) for the first time and found it somewhat appealing. This is the theory that Alexandria Ocasio-Cortez promoted along the way [ … ]
Why MMT is Useful
Modern Monetary Theory (MMT) has been in the news quite a bit in the last few weeks.¹ It’s refreshing to see this considering how bad the state of macroeconomics is. [ … ]
Post-Keynesian is not Necessarily Modern Monetary Theory (MMT)
I am going to wade into the dark waters of MMT once again here, but only because this is a very important point. I was discussing some things about the [ … ]