An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
We have to remember that economics does not always reject new thinking; DSGE was new, and unfortunately not rejected. Academic politics explains the problems; no sign that economic theory will improve. (There's a lot of economics beyond macro theory; about as useful as any other current academic discipline.)
"A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it.""Science advances one funeral at a time."--Max Planck
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