Significance of MMT for Progressives and the Left

[nebris]

Demands on time in the MMT community include (i) providing “simple as possible” explanations of “basic MMT” for public consumption and (ii) exploring theoretical and policy ideas informed by an understanding of those basics together with insights from related approaches to economics. Although the latter task is perhaps more enticing for those who

Comments

[peristaltor]

This is not, of course, to attribute such a focus or motivation to the Modern Monetary Theorists themselves, most of whom appear to favor managed capitalism . . . . It is rather to suggest that the Modern Monetary Theorists’ careful and, as far as possible, objective institutional description and analysis of monetary and fiscal operations in a sovereign currency system arguably brings to light a radical democratic potential inherent in sovereign money, waiting to be seized upon.

Darned tootin'.