From the people that have been consistently wrong in that the assumptions on which their mathematical modeling is based have not been borne out by data, whereas MMT conceptual modeling has been consistently correct.
Central BankingMMT rests on 'untested statements' – Richmond Fed paper
Michael Krause, Thomas Lubik and Karl Rhodes
Here is the working paper
MMT and Government Finance: You Can't Always Get What You Want
Michael U. Krause, Thomas A. Lubik and Karl Rhodes
1 comment:
Straw man argument from the Fed.
Promoters of modern monetary theory (MMT) — including a growing number of pundits and policymakers — are toying with the idea that "deficits don't matter."
Stephanie Kelton on Twitter:
DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS MATTER DEFICITS...
source: Stephanie on Twitter
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