'The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it'...
If you're intrigued by Modern Monetary Theory (MMT), then Dougald Lamont's blog post exploring why MMT is descriptive of the contemporary economy, not a prescription for its reform, will be worth reading (although it might take you a while to work your way through it).
#economics #MMT
h/t @Oxymetheus
https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much
If you're intrigued by Modern Monetary Theory (MMT), then Dougald Lamont's blog post exploring why MMT is descriptive of the contemporary economy, not a prescription for its reform, will be worth reading (although it might take you a while to work your way through it).
#economics #MMT
h/t @Oxymetheus
https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much
If MMT is wrong, why is it so much better at predicting the economy - and economic disaster?
The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it.Dougald Lamont (Dougald Lamont’s Substack)
