Yes, MMT Is Not Monetarist — Brian Romanchuk

Reader Jerry Brown sent me a link to yet another Scott Sumner article. In this article, he lists 6 points raised by MMT that he accepts as correct, yet he feels the interpretation is incorrect. I looked at the article quickly, and I would summarise the points as: MMT disagrees with the Monetarist interpretation, and he assumes that Monetarism is correct.

It is extremely obvious that post-Keynesians/MMTers disagree with Monetarism. (From a historical standpoint, these debates were essentially over by the time MMT formally split off as a new school of thought, this should be credited to post-Keynesians.) However, this is not really that big a deal, since very few economists now agree with Monetarists in these disputes, other than the people whose macro knowledge consists of Economics 101 textbook snippets....

Bond Economics
Yes, MMT Is Not Monetarist
Brian Romanchuk