Bill Mitchell: The divide between mainstream macro and MMT is irreconcilable – Part 1

It is noticeable that the economic mainstream is becoming increasingly uncomfortable by the increased interest in Modern Monetary Theory. Bill Mitchell is right. There appears to be an effort to co-opt Modern Monetary Theory under the motto: There is no real difference between them and us. It is a minor conflict. But it isn´t. Mitchell does a brilliant job of defining the most important differences in this article.

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