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Modern money theory is neither modern neither a theory in a scientific sense of the word. It's more like a fake moon landing type of theory. It's a honey trap f
by nec4b 8y ago
Modern money theory is neither modern neither a theory in a scientific sense of the word. It's more like a fake moon landing type of theory. It's a honey trap for the type of people who mistake an appearance of science to be science.
- dv_dt 8y agoWhy concentrate that criticism on MMT? It applies to all of economics - neither MMT nor prevailing economic deficit frameworks come out ahead there. Though I would say MMT is making more fundamental observations than the "deficits must be cut" side of things which feel more like cargo cult tradition.
- nec4b 8y agoThis is an article about MMT, isn't it? And no, not all economics is pseudo science. Maybe you're looking at economics too much from the political point of view and too little from a scientific perspective.