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.
Monday, 8 September 2014
Are Market Monetarists mad?
I explained here
in February this year that Market Monetarism leads to the state ultimately
owning all assets. It seems that Scott Sumner, one of the main proponents of MM
has now sort of admitted