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.
Tuesday, 11 November 2014
"We need to spend less to grow the economy" is an oxymoron invented by regular morons.
— Stephanie Kelton (@StephanieKelton) November 11, 2014