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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Sunday, December 16, 2012
Matias Vernengo — Krugman and the natural rate again
So what, now he is a Real Business Cycle (RBC) guy? Just drop the natural rate already. Evidence and logic require it.
I commented there on JWM's critique of MMT, btw, since it's something that used to come up a lot many years ago and obviously some weren't aware it had been cleared up.
I commented there on JWM's critique of MMT, btw, since it's something that used to come up a lot many years ago and obviously some weren't aware it had been cleared up.
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