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.
Wren-Lewis suggested on Twitter a couple of days ago that MMT's idea that the size of the deficit and debt don't matter has always been written into mainstream macro. The link to his tweet is below, but there's plenty of response to his tweet if you scroll down.
If Rogoff and Reinhart are representative of "mainstream media", then Wren-Lewis's claim is obviously wrong. But against that, Wren-Lewis's views changed roughly ten years ago to a more MMT compliant stance. It's impossible to say whether he made that change of his own volition or whether he was influenced by MMT.
3 comments:
“ It seems to me that he treats both his own views and MMT as a religion.”
Correct… neither trained under Scientific method…
Why is this surprising?
Is Peter May by any chance related to the Brit/Aussie Ruby May?
https://www.youtube.com/watch?v=RNNWOGWWUGQg&t=346s
Wren-Lewis suggested on Twitter a couple of days ago that MMT's idea that the size of the deficit and debt don't matter has always been written into mainstream macro. The link to his tweet is below, but there's plenty of response to his tweet if you scroll down.
https://twitter.com/sjwrenlewis/status/1435206350838116358?s=20
If Rogoff and Reinhart are representative of "mainstream media", then Wren-Lewis's claim is obviously wrong. But against that, Wren-Lewis's views changed roughly ten years ago to a more MMT compliant stance. It's impossible to say whether he made that change of his own volition or whether he was influenced by MMT.
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