Lately there’s been a ton of talk about Modern Monetary Theory. Most of it critical. MMT seems to evoke a visceral gagging reflex from most finance-types, kind of like that feeling when your inappropriate uncle makes a lewd joke about your aunt. However, I have been fascinated by the subject. And no one is more surprised by that fact than me. Although I am an economics major, if you would have suggested spending hours listening to a neo-classical economics professor drone on about the virtues of some DSGE model, I would have told you I would rather lick subway handrails. Yet over the past month I have spent tens of hours listening to a variety of MMT professors’ lectures.
PRACTITIONER'S GUIDE TO MMT: Part 1
PRACTITIONER'S GUIDE TO MMT: Part 1
PRACTITIONER'S GUIDE TO MMT: Part 1
Lately there’s been a ton of talk about Modern Monetary Theory. Most of it critical. MMT seems to evoke a visceral gagging reflex from most finance-types, kind of like that feeling when your inappropriate uncle makes a lewd joke about your aunt. However, I have been fascinated by the subject. And no one is more surprised by that fact than me. Although I am an economics major, if you would have suggested spending hours listening to a neo-classical economics professor drone on about the virtues of some DSGE model, I would have told you I would rather lick subway handrails. Yet over the past month I have spent tens of hours listening to a variety of MMT professors’ lectures.