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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Wednesday, February 28, 2018
Max Mastellone — MMT economists look at debt, deficit differently
Remarkable how quickly MMT went from relative obscurity to common knowledge. Only 5 or 6 years ago... economists, politicians and voters alike were unanimous in dismay over deficits.
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ReplyDeleteRemarkable how quickly MMT went from relative obscurity to common knowledge. Only 5 or 6 years ago... economists, politicians and voters alike were unanimous in dismay over deficits.
ReplyDeleteSeveral factors involved.
ReplyDeleteStephanie Kelton's stint as Bernie's economic adviser.
Backchannel contacts with the profession that remain unknown other than to the participants and those with a need to know.
MMT economists switching from blogging to social media, Twitter in particular.
MMT activists promoting MMT on social media and elsewhere.
Blogs. (Blogs were the thing until a year or two ago. Now the action is on social media.)
The groundwork laid in publications, in particular working papers at the Levy Institute that are freely accessible to all.