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Debunking MMT's Sectoral Balances View

Really good post on MMT and sectoral balances. I think the thing that frightens me most is not that Kelton is influencing policymakers, but that she teaches kids this in school. UMKC has dedicated an entire curriculum to teaching an empirically incorrect form of economic accounting. It's really a travesty.

Eh, most schools teaching economics are teaching some bad stuff. I wouldn't say MMT is teaching worse stuff than other schools.

"Pragmatic Capitalism is the best website on the Internet. Just trust me. Please?" - Cullen Roche

That was a classy dose / burn of reality :-p