Commentary on ""The power and poison of MMT"

Lars explains how this article goes bad.

Lars P. Syll’s Blog
The power and poison of MMT
Lars P. Syll | Professor, Malmo University

https://larspsyll.wordpress.com/2022/01/08/the-power-and-poison-of-mmt/

See also Neil Wilson's comment on the original post of the criticism here at MNE.

It's very interesting how wrong he gets it at the end " MMT proponents would advocate tax hikes as a way to manage aggregate demand and control inflation." No we would replace interest rate adjustments with a Job Guarantee, which would then control inflation. The Job Guarantee is the system stabilisation function in MMT. Once again we see an economist that doesn't like the idea of full employment and can't get their head around how MMT inflation control works - by setting the price of an hour of unskilled labour and letting other prices form relative to that. Apparently that is 'socialist', but artificially setting the price of money via a cabal of unelected wonks isn't.

https://mikenormaneconomics.blogspot.com/2022/01/the-power-and-poison-of-mmt-koichi.html?showComment=1641627961823#c4758006775857084494