An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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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
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.
Good article! I guess Skidelsky is aware of MMT but wants to avoid the attacks that go with promoting it specifically?
ReplyDeleteIf Boris Johnson had written that piece, it would've carried more oomph.
ReplyDeleteMMT proposals:
ReplyDelete1) 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.
LAME-O!