Bizarre article. Claims to explain MMT and quotes only people that don't understand MMT. Don't they have an editor at Insider, or at least a competent one. Such is the state of American journalism and why I generally link to non-US and non-UK sources.
Business InsiderWhat is Modern Monetary Theory? Understanding the alternative economic theory that's becoming more mainstream
Melanie Lockert
This is a pretty good summary Tom… better than majority of others.., just sticks with the facts,,,
ReplyDeleteThis is certainly accurate:
“ The Federal Interest rate should be at 0%. Many MMT supporters believe that the "natural rate of interest is zero" and there should be no bond sales. ”
Most summaries don’t include that…