Many of the themes in fiscal policy, economic growth, and distribution that we have been working on here have been in the news lately. Scholars from many fields are weighing in. One common theme is dynamics and their importance:Multiplier Effect
Fiscal Policy Debates and Macro Models Abound in the News
Greg Hannsgen
I don't really know where to post this but I recently came across a Marxist blog what follow some the KPFA broadcasts on which Dr. Kelton has been featured. Apparently, some far left types have decided that MMT/ State Banking Types are a secret superweapon of the capitalist ruling class designed to destroy the Occupy Wall Street from within by making people think that issue is about full employment, price stability, and real production rather the crisis of industrial "over production" and enclosures which make people wants jobs when we should really be De-monetize, De-commodify (Labor), and De- Industrializing.
ReplyDeleteFull Employment= full capitalist slavery and thus MMT is the greatest threat to the common man see "http://www.dailybattle.pair.com/2012/occupy_target_destroy_ruling_money_fetish.shtml"
I just thought I bring this up because it's not just libertarians who can't stand the truths MMT talks about just like that the song says "Clowns to the left of me, Jokers to the right."
@ septaeus7
ReplyDeleteExtreme right and left see MMT as saving the present system, whereas they want to see the present system replaced with anarcho-capitalism or anarcho-socialism respectively.