Thursday, February 20, 2020

The Monetarist fantasy is over — Robert Skidelsky

Quite a good piece that pushes the MMT view without naming it.

Progressive Economy Forum
The Monetarist fantasy is over
Robert Skidelsky | Crossbench peer and Emeritus Professor of Political Economy at Warwick University


Detroit Dan said...

Good article! I guess Skidelsky is aware of MMT but wants to avoid the attacks that go with promoting it specifically?

Peter Pan said...

If Boris Johnson had written that piece, it would've carried more oomph.

Andrew Anderson said...

MMT proposals:

1) INCREASED privileges for the banks and, by extension, for the rich, the most so-called "worthy" of what is currently the public's credit but for private gain.

2) Wage-slavery to government to supplement wage-slavery to the private sector for the victims of the banks and the rich.