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Tuesday, April 30, 2019

Richard Murphy — In the FT this morning: modern monetary theory is the answer to the new normal

I had this letter in the FT this morning in response to a piece from Gavyn Davies, which continued the standard neoclassical economist's tradition of entirely missing the point about modern monetary theory….
Tax Research UK
In the FT this morning: modern monetary theory is the answer to the new normal
Richard Murphy | Professor of PracticeInternational Politics, School of Social Sciences, City, University of London; Director, Corporate Accountability Network; Co-founder, Green New Deal

2 comments:

  1. Wow!

    'MMT only fails if you look at it through the lens of conventional macroeconomic objectives. Looked at on its own terms MMT works, and is the long-term solution that the world’s failing economies need.'

    Professor Richard Murphey

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  2. 'MMT only fails if you look at it through the lens of conventional macroeconomic objectives. Looked at on its own terms MMT works, and is the long-term solution that the world’s failing economies need.'

    I wonder if this is what Egmont is missing?

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