Short summary.
Milken Institute Review
The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
How can we have a People's Economy when citizens may not even use their Nation's fiat except for mere coins and paper Central Bank Notes?
ReplyDeleteInstead, we have a Banks's Economy and the MMT gang would do nothing to change that but would instead INCREASE government privileges for banks.
In the minds of academics, you can have a people's economy. Easy peasy.
ReplyDeleteNote on: The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy
ReplyDeleteStephanie Kelton's Deficit Myth is scientifically refuted and proven to be agenda-pushing for the advantage of the #Oligarchy and disadvantage of #WeThePeople.
The page where Stephanie Kelton gets macroeconomics wrong
https://axecorg.blogspot.com/2021/03/occasional-tweets-210328-page-where.html