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.
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Saturday, February 25, 2012
Adrea Terzi — Civilized Money View (MMT) vs. Monetarist Keynesianism
Agree, Peter. Terzi's post passes the Mosler test for clarity, brevity and pithy wisdom with flying colors.
I also like the narrative of MMT being the civilized solution. Using monetary policy to target inflation using labor as tool by creating a buffer of unemployed is barbaric.
Very good!
ReplyDeleteClarifies the differences between the two views with great clarity. Glad I'm on the side of civilization. :)
Agree, Peter. Terzi's post passes the Mosler test for clarity, brevity and pithy wisdom with flying colors.
ReplyDeleteI also like the narrative of MMT being the civilized solution. Using monetary policy to target inflation using labor as tool by creating a buffer of unemployed is barbaric.