How social democratic parties erect the plank and then walk it–Part 2 — Bill Mitchell

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?….

Bill Mitchell – billy blog
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