Modern Monetary Theory (MMT) not only threatens vested neo-liberal interests in politics but also challenges the hegemony of mainstream macroeconomists who have been able to dominate the policy debate for decades using a series of linked myths about how the fiat monetary system operates and the capacities of currency-issuing governments within such a system. MMT exposes these myths.
Related Articles
Michael Hudson: Mainstream Economics Has Become a Celebration of the Wealthy Rentier Class
The One Percent have found a pressing need for the services of mainstream economists Read here
Bill Mitchell – Keynes on national self-sufficiency
August 23, 2021
Mathew D. Rose
Austerity, Climate Crisis, Economics, Finance, Inequality, Neo-Liberalism in the EU, Sustainability
0
One of the emerging discussions is what will the post-coronavirus world look like both within nations and across nations. There is a growing thread about the worries of increased state authoritarianism as governments have imposed […]
Richard Murphy: Accountancy needs to open its mind to the alternatives to what it thinks normal
Accountancy needs to open its mind, a great deal more than it is at present. The world faces the most enormous challenges created by a so-called ‘normal’ economy that is very clearly abnormal, and failing. […]
Be the first to comment