Short summary with some links.
The Lens
Think About Minsky for a Moment
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
3 comments:
“Stability is destabilizing”
Omg.,,,
What is stable about monetarist morons holding the policy rate at zero for 14 years thrn increasing it to 4.5% in 6 months?
She completely ignores income transfers from gov't to the non-gov't. All of her stuff recently has been 100% monetarist perspective. It's not MMT. Mosler has been giving the MMT view consistently.
“ For Minsky, as for Keynes, capitalist economies are inherently unstable. ”
To these people the problem is ideological not technical…
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