In Part I, I considered an Australian-based attack on MMT from a Labour Party stooge. In this Part, I shift to Britain to address the recent article by a Northern Labour MP – Jonathan Reynolds – who is apparently, if his arrogance is to be believed, the Labour Party spokesperson on matters economic.
For the title of his recent article (June 4, 2019) was – Why Labour doesn’t support Modern Monetary Theory – which begs the question as to who actually doesn’t support MMT – all of Labour? Party? Politicians? Members? Who?.
I know of hundreds if not thousands of Labour Party members that are fully supportive of Modern Monetary Theory (MMT).So who is he talking about?….
How social democratic parties erect the plank and then walk it – Part 2
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
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