Read it at The Case of Concerted Action
Born In The U.S.A. – MMT And Monetary Sovereignty
Posted by Ramanan
Guest Post by Sergio Cesaratto | Professor of Economics at the University of Siena
Prof. Cesaratto argues against the MMT position citing Nersisyan Y., Wray R.L. (2010), Does Excessive Sovereign Debt Really Hurt Growth? A Critique of This Time Is Different, by Reinhart and Rogoff, Working Paper No. 603, Levy Institute June 2010, and Wray L.R. (2011), Currency Solvency and the Special Case of the US Dollar.