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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://zirk.us/users/ChrisMayLA6/statuses/113570945065325418">Emeritus Prof Christopher May (chrismayla6@zirk.us)'s status on Saturday, 30-Nov-2024 19:32:31 JST</a><a href="https://zirk.us/@ChrisMayLA6" title="chrismayla6@zirk.us"><img src="https://gnusocial.jp/avatar/89211-48-20250111110309.webp" width="48" height="48" alt="Emeritus Prof Christopher May" style="position: absolute; left: 0; top: 0;">Emeritus Prof Christopher May</a><div><ul><li></ul></div></section><article><p>'The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it'...</p><p>If you're intrigued by Modern Monetary Theory (MMT), then Dougald Lamont's blog post exploring why MMT is descriptive of the contemporary economy, not a prescription for its reform, will be worth reading (although it might take you a while to work your way through it).</p><p><a href="https://zirk.us/tags/economics" rel="tag">#economics</a> <a href="https://zirk.us/tags/MMT" rel="tag">#MMT</a> </p><p>h/t <a href="https://mastodon.world/@Oxymetheus">@Oxymetheus</a> </p><p><a href="https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much" rel="nofollow noreferrer">https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4097279#notice-8005549">In conversation</a><time datetime="2024-11-30T19:32:31+09:00" title="Saturday, 30-Nov-2024 19:32:31 JST">about 2 months ago</time> <span>from <span><a href="https://zirk.us/@ChrisMayLA6/113570945065325418" rel="external" title="Sent from zirk.us via ActivityPub">zirk.us</a></span></span><a href="https://zirk.us/@ChrisMayLA6/113570945065325418">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: substackcdn.com</div><h5><a href="https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much">If MMT is wrong, why is it so much better at predicting the economy - and economic disaster?</a></h5><div> from <span>Dougald Lamont</span></div></header><div>The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it.</div><footer></footer></article></li></ol></footer></blockquote>

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Emeritus Prof Christopher May (chrismayla6@zirk.us)'s status on Saturday, 30-Nov-2024 19:32:31 JSTEmeritus Prof Christopher May
- Oxymetheus
'The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it'...
If you're intrigued by Modern Monetary Theory (MMT), then Dougald Lamont's blog post exploring why MMT is descriptive of the contemporary economy, not a prescription for its reform, will be worth reading (although it might take you a while to work your way through it).
#economics #MMT
h/t @Oxymetheus
https://dougaldlamont.substack.com/p/if-mmt-is-wrong-why-is-it-so-much
In conversationabout 2 months ago from zirk.uspermalink
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1. Domain not in remote thumbnail source whitelist: substackcdn.com
  If MMT is wrong, why is it so much better at predicting the economy - and economic disaster?
  from Dougald Lamont
  The reason we’re in crisis is not because policymakers have been ignoring the advice of orthodox economists, but because they have been following it.

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