Wednesday, December 2, 2020
MMT: a primer — Richard Murphy
How did Richard Murphy do in summarizing MMT?
Tax Research UK
MMT: a primer
Richard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge Econometrics, and a member of the Progressive Economy Forum
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2 comments:
"there is absolutely no necessary relationship between modern monetary theory and a jobs guarantee, or any other left of centre economic policy come to that."
"Tax also has the other deeply significant social purposes of correcting income and wealth inequality; repricing market failure; delivering fiscal policy by incentivising or penalising certain activities and by reinforcing the social contract that exists between a government and its electorate. Tax is a reflection of the values of the society we live in and is the primary mechanism any government has for reinforcing them."
The cognitive dissonance is strong with this one.
Right Neil he doesn’t get to say what is in their Theory or not only they do at this time...
But you can see how some are positioning themselves to synthesize it with other Theories when they are no longer here...
Then it will be called “neo-MMT” or something like that...
It’s a crazy way to try to get things accomplished ...
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