These claims are wrong. They are either not what MMT says or the telling is distorted. For the record, MMT actually says is quite different....Tax Research UK
A Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal.
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
2 comments:
Staggeringly, colossally, and stupendously wrong. Even these adjectives are woefully inadequate to describe the magnitude of wrongness we are confronted with.
It's never about being right. It's about being believed.
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