JKH on the Recent MMR/MMT Debates

Read it at Modern Monetary Realism
JKH on the Recent MMR/MMT Debates
by JKH

Important. This is actually a paper rather than a blog post and can be downloaded in PDF.

JKH's contribution here constitutes a landmark iteration for MMR as a serous attempt to engage MMT and other interested economists and financial professionals in professional debate rather than more cursorily and informally in blog posts and comment repartee.

To my knowledge, this is the first time that JKH has posted anywhere instead of commenting, even though much of his commenting would have been a series of worthy posts if he had a blog.

JKH elucidates the debate to date by quoting from previous posts and comments and moves the ball significantly forward by expressing his ideas, which he has thought out carefully and worked up as a paper. Well played.