Alex Little — Modern Monetary Theory vs Mainstream Macroeconomics

In my last blog, I introduced the basics of Modern Monetary Theory (MMT). While looking through my drafts folder tonight, I found this table I’d copied from this blog post by Bill Mitchell. It gives some commonly heard macroeconomic propositions, and gives an alternative MMT view on each proposition. It’s quite a succinct summary of how a lot of the things to do with the economy that are often stated as fact, are certainly arguable at best, and at worst, are total nonsense.

alittleecon
Modern Monetary Theory vs Mainstream Macroeconomics
Alex Littl
(h/t Ralph Musgrave)