Modern monetary theory has been influential in helping America rise out of the recession that crippled the economy during the pandemic, writes Professor Stephanie Kelton and Dr Steven Hail.
The overwhelming number of articles appearing attack MMT pretty much as the work of the devil. Regarding the the quote, "first they ignore you, then they laugh at you, then they fight you, then you win" (misattributed to Mahatma Gandhi), we seem to be at the attack stage.
Independent Australia
MMT sees America through rapid economic recoveryStephanie 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
2 comments:
Talk to Sisyphus, he'll explain it to you.
It's good that she's putting this out there in the face of the naysayers. There needs to be more commentary like this, ignoring the debt and spending phobes and just doubling down and tripling down on an MMT-based policy framework.
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