Bill Mitchell — MMT critiques need to get more inventive – it’s getting boring

Talking points. 

The so-called MMT critics need to read more MMT in order to actually criticize MMT. They are criticizing MMT based on straw man arguments. I, too, am getting bored with plodding through it to see if anyone has come up with anything substantial. 

Without doing the necessary prep, criticism appears not only unprofessional. In this case, it also leads to the question of whether the criticism is an ideological attempt to control the narrative by influence based on supposedly "expert opinion."

MMT needs better critics. Positions grow stronger when faced with informed criticism that is constructive rather than destructive or dismissive.

The good news is that now most critics are admitting than major points of MMT are correct and seek to deflect it with spurious premises that are still widely held, mostly "inflation." MMT economists are quite nuanaced  in their analysis of inflation and how to address it should they begin building.

Bill explains some nuance.

Let me state clearly, at the outset, there may be an inflationary spike coming out of this diabolical mess....

Bill Mitchell – billy blog
MMT critiques need to get more inventive – it’s getting boring
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia