Wednesday, August 7, 2019

MMT in the news


Pretty fair article. Stephanie Kelton is solidifying in the role of being the public face the MMT. This is doubly beneficial. Not only is it good for popularizing MMT, but also there are not many other women among economists that the public is familiar with.

Reuters
Explainer: Five questions about Modern Monetary Theory

See also at Reuters
MMT: controversial plan to boost economic equality

Also in the news.

WTVB
MMT may be Democrats' economic cure, but only Trump got the memo
Howard Schneider
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1 comment:

AXEC / E.K-H said...

Stephanie Kelton: MMT’s public farce
Comment on Tom Hickey on ‘MMT in the news’

The philosopher Tom Hickey is happy: “Stephanie Kelton is solidifying in the role of being the public face the MMT. This is doubly beneficial. Not only is it good for popularizing MMT, but also there are not many other women among economists that the public is familiar with.”

For a philosopher, this may be important. For a scientist, the person/messenger is of NO importance at all. For a scientist only content counts. The crucial question is always and everywhere: Is it true or false what the person says? Scientific truth is well-defined as material and formal consistency.

Now it is known that the MMT sectoral balances equation, i.e. (I−S)+(G−T)+(X−M)=0, is false.#2 Because the foundational equation is false the whole analytical superstructure is false. Because the theory is false, economic policy advice has NO sound scientific foundations. Any statement that has no sound scientific foundations is merely gossip or propaganda or entertainment or disinformation or storytelling or blather.

This applies to the communication of MMT’s public face Stephanie Kelton. For details of the proto-scientific farce see #3-#9

Egmont Kakarot-Handtke

#1 The true balances equation reads (I−S)+(G−T)+(X−M)−(Q−Yd)=0.

#2 For the full-spectrum refutation of MMT see cross-references MMT
http://axecorg.blogspot.com/2017/07/mmt-cross-references.html

#3 The Kelton-Fraud
https://axecorg.blogspot.com/2018/07/the-kelton-fraud.html

#4 Down with idiocy!
https://axecorg.blogspot.com/2017/12/down-with-idiocy.html

#5 Stephanie Kelton’s legendary Plain-Sight-Ink-Trick
https://axecorg.blogspot.com/2019/01/stephanie-keltons-legendary-plain-sight.html

#6 How Stephanie Kelton brain-washes a lovely young English girl
https://axecorg.blogspot.com/2019/07/how-stephanie-kelton-brain-washes.html

#7 Prophet Stephanie divines the seizure of the means of production of currency
https://axecorg.blogspot.com/2019/07/prophet-stephanie-divines-seizure-of.html

#8 Stephanie Kelton and the self-destructive stupidity of the super-rich
https://axecorg.blogspot.com/2019/02/stephanie-kelton-and-self-destructive.html

#9 Stephanie and Noah ― economics at the intellectual zero lower bound
https://axecorg.blogspot.com/2018/09/stephanie-and-noah-economics-at.html

August 8, 2019 at 12:39 PM

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