The blogosphere and Twittershpere are buzzing over today’s NYT article on Warren Mosler and the proponents of Modern Money (or Monetary) Theory (MMT). This isn’t the first time MMT has been featured by a high-profile mainstream media outlet (see here, here, here) and, as usual, there are some editorial inaccuracies.
Warren has responded to the mistakes that affect him personally, and Randy Wray followed with some quick thoughts of his own. I spent close to 30 minutes on the phone with the journalist who wrote the latest NYT piece, so let me offer a further correction of (and for) the record. I was quoted as saying....New Economic Perspectives
The Buzz Over MMT
Stephanie Kelton | Assistant Professor of Economics, UMKC
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