Gerald Epstein — What’s Wrong With Modern Money Theory — Ramanan

Gerald Epstein has written a book critiquing neochartalism from a policy perspective. On an initial look he seems to attack the neochartalists on two things: their reluctance to talk about rise in tax rates and the international aspect — the limited applicability of their ideas to a few rich countries....

Good. The debate is engaged. Having written a book about MMT, the author has no excuse for not knowing the MMT literature in detail and citing it where appropriate for a scholar. I am sure that MMT economists will be vigilant about this in their response.

The Case for Concerted Action
Gerald Epstein — What’s Wrong With Modern Money Theory

V. Ramanan