Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)
Re: Modern Monetary Theory [message #93182 is a reply to message #93154] Mon, 22 February 2021 09:25 Go to previous messageGo to previous message
Rusty is currently online  Rusty
Messages: 1188
Registered: May 2018
Location: Kansas City Missouri
Illuminati (3rd Degree)
Another fine article by BillyBob, Bill Mitchel, principal author of the MMT textbook. He explains how the neoliberal paradigm, the New Keynesian's monetary principals have co opted our legislative bodies to do the bidding of what satisfies the financial markets. The markets are the fantasy built into neoliberal ideology. We're all compromised as a result. The news from Texas this last week is a glaring example. Public trust's held hostage to the markets.

http://bilbo.economicoutlook.net/blog/?p=46942
 
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