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.
Friday, 28 February 2020
Grace Blakeley.
What – so those who “came of age” ten, twenty or thirty years earlier are too dumb or now too senile to work out that “mainstream economics has massive flaws”?
Also I’d guess that people who “came of age” in the 1930s high unemployment era also worked out that the economic system has “massive flaws”.
Come to that, I’d guess those who experienced bank crises and booms and busts in the 1800s tumbled to the above point as well….:-)
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