Comments On Palley's MMT Critique — Brian Romanchuk

Thomas Palley is one of the more persistent MMT critics. His article “What’s wrong with Modern Money Theory: macro and political economic restraints on deficit-financed fiscal policy” was published just as I was finishing up this manuscript. Although I am not greatly impressed with the quality of the criticism, it covers many of the topics discussed in this chapter. If one wanted a summary critique (and not rely on my summaries) of major points of dispute, this might be the briefest summary.

Bond Economics
Comments On Palley's MMT Critique
Brian Romanchuk