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.
ICYMIBoth, Keynes and MMT got the theory of money wrong. For details see:Essentials of Constructive Heterodoxy: Money, Credit, Interesthttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=2569663How Keynes got macro wrong and Allais got it righthttp://axecorg.blogspot.de/2016/09/how-keynes-got-macro-wrong-and-allais.htmlMMT: No sound basishttp://axecorg.blogspot.de/2017/06/mmt-no-sound-basis.htmlWhere MMT got macro wronghttp://axecorg.blogspot.de/2017/04/where-mmt-got-macro-wrong.htmlRectification and generalization of MMThttp://axecorg.blogspot.de/2017/02/rectification-and-generalization-of-mmt.htmlGoing beyond Wicksell, Keynes and MMThttp://axecorg.blogspot.de/2017/01/going-beyond-wicksell-keynes-and-mmt.htmlEgmont Kakarot-Handtke
ICYMI
ReplyDeleteBoth, Keynes and MMT got the theory of money wrong. For details see:
Essentials of Constructive Heterodoxy: Money, Credit, Interest
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2569663
How Keynes got macro wrong and Allais got it right
http://axecorg.blogspot.de/2016/09/how-keynes-got-macro-wrong-and-allais.html
MMT: No sound basis
http://axecorg.blogspot.de/2017/06/mmt-no-sound-basis.html
Where MMT got macro wrong
http://axecorg.blogspot.de/2017/04/where-mmt-got-macro-wrong.html
Rectification and generalization of MMT
http://axecorg.blogspot.de/2017/02/rectification-and-generalization-of-mmt.html
Going beyond Wicksell, Keynes and MMT
http://axecorg.blogspot.de/2017/01/going-beyond-wicksell-keynes-and-mmt.html
Egmont Kakarot-Handtke