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A comment on Fed hikes rates by 0.25 point despite recent turmoil in the banking sector. Parent comment

Re:Fed hikes rates by 0.25 point despite recent turmoil in t... by JumpCrisscross on Thursday March 23, 2023 @10:02AM (#35274959)
Straight from Wikipedia [1].

A few coastal politicians saw MMT supports deficits, ignored the intellectual bankruptcy within, and turned it into a polarising topic when it’s just an interesting but impractical way of reframing common topics.

[1] https://en.m.wikipedia.org/wiki/Modern_Monetary_Theory

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Re:Fed hikes rates by 0.25 point despite recent turmoil in t... by bryanlarsen on Thursday March 23, 2023 @10:21AM (#35275240)
Wow, Kelton did really say that. I never did finish reading her book, I found it much less convincing than Mosler's or Mitchell's. Many MMT'ers consider themselves to be the true heirs of Keynes, so embracing things that so directly contradict Keynes...

Like any field, there are different sides to it. Krugman and Cowell are both mainstream economists, but they disagree on a lot.

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