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MMT is widely regarded as not in agreement with the few things we’re pretty sure we know about economics, and furthermore its proponents generally refuse to pub
by md2020 4y ago
MMT is widely regarded as not in agreement with the few things we’re pretty sure we know about economics, and furthermore its proponents generally refuse to publish actual models of the system they propose. Here’s a good examination of an MMT model that finds it somewhat lacking:
https://noahpinion.substack.com/p/examining-an-mmt-model-in-detail?s=r https://noahpinion.substack.com/p/examining-an-mmt-model-in-...
- dools 4y agoThe opening line of this blog is: > MMT, for those who aren’t familiar with it, is a small, cohesive group of people who go around telling the government to borrow more and spend more. Which is fundamentally incorrect and betrays a misunderstanding of MMT so his opinion is irrelevant
- md2020 4y agoDo you have a PhD in Economics? The author does, so I’m going to take his understanding of it over yours for now. He is fundamentally right that MMT proponents are reluctant to publish models, while proponents of other economic theories aren't. If you won't publish a model because you're afraid it won't stand up to scrutiny, you don't get to be taken seriously.