Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Saturday, 24 July 2010
Peter G.Peterson advocates "short-term deficits" and "social justice"! Now I really am confused. Do we have a damascene conversion? Do MMTers now have a billionaire on their side?