Saturday, September 14, 2019

Modern Greek Monetary Theory

the stupid! it burns!Modern monetary theory – deficit thinking by Brenda P. Wenning: This article is by the stupidest condemnation of MMT I've seen. Well, as of today: just when you think conservatives can't sink any lower, they invent a bigger shovel. It starts off bad,
If you think Greece should serve as an economic model for the United States, you’ll love modern monetary theory (MMT).
(Wenning misses the inside joke: the United States is not like Greece because the US has a sovereign currency, but Greece does not) and just goes downhill from there.

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