Bill Mitchell — Inflation hysteria as central bankers discuss yield curve control

I am in London today (Monday) and have two events. First, I am doing a ‘Train the Trainers’ workshop for – The Gower Initiative for Modern Monetary Studies – where we will work through some techniques and concepts to help activists educate others about Modern Monetary Theory (MMT). Second, I am meeting with some Labour Party Members of Parliament who are keen to learn more about MMT and incorporate its insights into their political work. Get the drift? People wanting to learn and setting up pathways where that learning can occur. Which means they take advantage of access to one of the founders of MMT to find out what it is about, rather than adopt a superficial version of our work, which they might have heard about when Joe told Aalia, who had picked it up from Eddie, who had been having a conversation with Robyn about something that Abdul had told Amelia, who had read it in some Tweet that was reporting an article written by Kenneth ‘Mr False Spreadsheet’ Rogoff criticising MMT. That is the way to learn.

Many of the outspoken MMT critics on the so-called Left (although their self-selection in that side of the spectrum is debatable) keep hammering away with misnomers and outright lies but none of them attended any of the many events that we have been speaking at in the last week in Britain.

It is also a pity that journalists who have jumped on the ‘we hate the MMT’ train don’t spend at least a few seconds conducting research to see if the MMT experts might have said or have written something about the topic they were inferring MMT was related to....

Concept assassination.

Bill Mitchell – billy blog
Inflation hysteria as central bankers discuss yield curve control
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia