Richard Murphy — Pretty much all that most people need to know about modern monetary theory

Richard Murphy continues to misrepresent MMT. His depiction of the essentials of MMT covers only some of the institutional aspect and description of operations. He leaves out the macro theory that sets the foundation for applying MMT, e.g, as a policy science in policy formulation. As a result he views the MMT job guarantee as merely political rather than integral to the whole system that MMT explains in a general way.

Certainly, people (voters) need to know the essentials of MMT that Richard Murphy lists but there's much more to MMT that that and it is also relevant.

Tax Research UK
Pretty much all that most people need to know about modern monetary theory

Richard Murphy