Turns out Peter Bofinger is not the only German economist who can see MMT across the sea. There is at least one other. Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money. In the "we are … Continue reading De facto MMT disequilibrating DSGE ?
Tag: L. Randall Wray
MMT and Millennial Socialism
Letter to the Editor 19 February 2019 Socialist Quackery It is interesting that the Economist has lately started to mention MMT (Modern Monetary Theory), a school of thought that, after all, wasn't born yesterday but goes back to a seminal 1913 essay about money by A.Mitchel Innes, a banker whose understanding of money was arguably … Continue reading MMT and Millennial Socialism