3 ms·
Common pitfalls in the book, - starts with overly philosophical view of money. Feeds money mysticism. Unified theory of money is meh. - can't break away from
by nabla9 3y ago
Common pitfalls in the book,
- starts with overly philosophical view of money. Feeds money mysticism. Unified theory of money is meh.
- can't break away from microeconomics thinking.
- Every concern and viewpoint in mainstream monetary theory above basic undergraduate level is missing. For example, the only reference to Minsky is quote from CNBC news.
- ends with technical solutions for non problems.
It's OK to go against the grain and represent alternatives, but the author should at least be aware. Original thinking without knowledge of what exists is not valuable.