Saturday, December 11, 2021

A Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal. — Richard Murphy

These claims are wrong. They are either not what MMT says or the telling is distorted. For the record, MMT actually says is quite different....
Tax Research UK
A Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal.
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

2 comments:

Peter Pan said...

Staggeringly, colossally, and stupendously wrong. Even these adjectives are woefully inadequate to describe the magnitude of wrongness we are confronted with.

NeilW said...

It's never about being right. It's about being believed.