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Will Rinehart · Jun 22, 2022

Where Modern Monetary Theory (MMT) goes awry

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Reddit user BainCapitalist has a great explanation of why MMT doesn’t work in practice. The full comment is posted below. I’m assuming you’re subtweeting my MMT comment. I’ve noticed that whenever MMTers brigade that post they only ever complain about “the economic is science” part and they never actually address the substance of the comment. I suspect they…

Reddit user BainCapitalist has a great explanation of why MMT doesn’t work in practice. The full comment is posted below. I’m assuming you’re subtweeting my MMT comment. I’ve noticed that whenever MMTers brigade that post they only ever complain about “the economic is science” part and they never actually address the substance of the comment. I suspect they don’t read past the first couple sentences. Bear with me here, the thesis of this comment has nothing to do with philosophy of science (and to be clear I’m not accusing you of anything this is just a big annoyance I have with very online MMTers).

Read on /2022/why-mmt-is-wrong/

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