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A comment on A Beginner’s Guide to MMT. Parent comment

Re:A Beginner’s Guide to MMT by bryanlarsen on Thursday March 21, 2019 @02:01PM (#19455361)
MMT supporters would agree with that statement, AFAICT. Some claim that their theories are more clearly descended from Keynes than conventional economics do.

"why it's a bad idea"

aka, inflation. Which MMT spends a lot of effort modelling.

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Re:A Beginner’s Guide to MMT by throw0101a on Thursday March 21, 2019 @02:06PM (#19455424)
> Some claim that their theories are more clearly descended from Keynes than conventional economics do.

The conventionals recognize this too:

> With everything else going on, I really don’t want to spend time arguing with the Modern Monetary Theory people; after all, we agree on basic policy issues right now, and they are never likely to have as much destructive influence as the deficit scolds. But the MMT people think they have an argument with conventional Keynesians like me, and as long as they’re out there claiming that standard macroeconomics is all wrong, I guess we need to respond.

* https://www.nytimes.com/2019/02/25/opinion/running-on-mmt-wo...

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