As a sort of Keynes-manqué, Stephanie Kelton’s moment in the limelight is being granted her for much the same reason as was that of her more illustrious predecessor: she is telling free-spending politicians what they always want to hear – viz., that their habitual incontinence is statesmanship of the highest order. Continue reading
Tag Archives: government
MMT: The Court Astrologer’s Dream
It’s not Modern; it’s not Monetary; and it’s really not much of a Theory
If ever there was a prime example of a belief in the Fairy Gov-a-Mother being mixed with a bad case of warmed-over monetary crankdom, the suddenly, newly- fashionable doctrine which masquerades under the portentous-sounding name of ‘Modern Monetary Theory’ – ‘MMT’, for short – must surely qualify.
For a shortened version of this as a podcast, go to: Soundcloud Apple Podcasts under ‘Cantillon Effects’ or TuneIn at:- https://bit.ly/2CXfEpy