Tuesday, May 27, 2014

J.A. Myerson — “It’s Exactly The Opposite!”: Mmt Versus “Reality”


“Oh man, you have to look them up online,” Tim Fong told me on our tour of Oakland’s gentrification. “If I lived in New York, I would go to every one of those things.” He sounded as though he were talking about some massive First Friday blowout, rather than a lecture series on monetary, fiscal, and economic policy at Columbia Law School. Fong, a Bay Area real estate lawyer and former member of the finance committee at Occupy Oakland (motto: “Timothy Y. Fong, Attorney At Law, Sues Banks”) is a convert to Modern Monetary Theory, or MMT, which is the most boring name for a thing people actually get excited about. He told me I needed to get excited about it, too.
The Modern Money Network
“It’s Exactly The Opposite!”: Mmt Versus “Reality”
J.A. Myerson


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