Tuesday, November 19, 2019

Jason J. Fichtner and Kody Carmody — Does the National Debt Matter? A Look at Modern Monetary Theory

Scott Fullwiler comments on Twitter:
Scott Fullwiler

Replying to
@BPC_Bipartisan @JJFichtner and
@kkcarmodyThank you for providing further evidence that "bipartisan" is currently code for "the same shit we've been doing for decades that got us into this mess in the first place."
Followed by:
Authors: It's hard to pin MMT down Also authors: We didn't cite any academic MMT literature, only critics of MMT who also didn't cite any academic MMT literature
And ... the authors: We actually believe the loanable funds model & used it to prove MMT wrong. Hey, stop laughing.
Stephanie Kelton comments:

Replying to
If only an MMT economist had written a book and called it something like Modern Money Theory. 

With a link to Randy Wray's book.

Beyond superficial.

Maybe there's an agenda. Let's see.

Jason J. Fichtner is a fellow with the Bipartisan Policy Center and also a senior lecturer at the Johns Hopkins University School of Advanced International Studies. His research focuses on Social Security, federal tax policy, federal budget policy, retirement security, and policy proposals to increase saving and investment.

Then the Tell. "Previously, he was a senior research fellow at the Mercatus Center at George Mason University." The Mercatus Center is a Libertarian think tank that promotes Austrian Economics.

Jason J. Fichtner's PhD is in public administration and policy, not economics.

Kody Carmody is also a policy type with no degree in economics.

HIPInvestor comments:


Replying to
@stf18Do you have a #MMT citation page of top 5, 10, 20 links?
A FAQ would be useful. It would provide the opportunity to shape quick reference to professional publications. It could be organized by topic.

Bipartisan Policy Center
Does the National Debt Matter? A Look at Modern Monetary Theory
Jason J. Fichtner and Kody Carmody

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