Austrian Theory, Banking, Credit, Deficit, Fiscal policy, Inflation, Macro, MMT, Money
MMT: The Court Astrologer’s Dream
MMT has recently enjoyed a sudden resurgence in popularity. but, like so many other systems which claim to reveal previously undiscovered truths, it turns out to be nothing more than a retread of a number of age-old fallacies, only appealing because it seems to promise the Provider State unlimited power to interfere in our lives. We discuss its failings here.