Magical Monetary Theory - Barokong - Teknoiot

2 May 2020

Magical Monetary Theory - Barokong

I approached this task with an open mind. What I had heard of MMT has some overlap with fiscal theory of the price level, on which I work, and I hoped to see some commonality.

I was disappointed. Short version:

"Ms. Kelton...starts with a few correct observations. But when the implications don’t lead to her desired conclusions, her logic, facts and language turn into pretzels."
Full version in 30 days, if you can't find a way around WSJ paywall.

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