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After reading some supporting material associated with this topic, I became a fan of MMT. For those interested, I recommend Stephanie Kelton's "The Deficit Myth
by netfortius 3y ago
After reading some supporting material associated with this topic, I became a fan of MMT. For those interested, I recommend Stephanie Kelton's "The Deficit Myth", and Randall Wray's work. The latter has recently published a really ELI5 for the subject: "Money for Beginners" (NOTE: pay attention to the author - there are quite a few books with similar title)
- JumpCrisscross 3y agoMMT as an academic concept is fascinating. MMT as a policy tool is useless; if we could predict when runaway inflation will arise we’d have a perfect solution to central banking.
- unmole 3y ago> MMT as an academic concept is fascinating. MMT as a policy tool is useless What is good about MMT is not original and what is original in MMT is not good.
- netfortius 3y ago> What is good about MMT is not original and what is original in MMT is not good. As you just paraphrased either Dr. Samuel Johnson, or Reverend Martin Sherlock (jury is still out on this one), would you care to elaborate on your characterization, please?