Friday, October 12, 2018

Stephen Williams — The MMT government job guarantee

MODERN MONETARY THEORY (MMT) is emerging as one of the main heterodox ways to understand macroeconomics, in contradistinction to the neoliberal orthodoxy.
MMT is not a set of policy prescriptions. Rather, to use co-founder Bill Mitchell’s word, it is a “lens” that allows us to see more clearly what already exists.
So, its proponents claim it is not particularly ideological. The ideology comes afterwards when we craft policies based on an understanding of MMT....
This post is a good summary of Bill Mitchell's position.

Independent Australia
The MMT government job guarantee
Stephen Williams

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