An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, November 4, 2024
MMT — debunking the deficit — Lars P. Syll
Lars comments on a quote from Stephanie Kelton's The Deficit Myth showing the loanable funds theory being inconsistent with stock-flow accounting.
“ Finance is fundamental to our understanding of modern economies”
ReplyDeleteDuh…