Mindorenyo

Monday, May 08, 2017

MMT in "The Nation"

While the mainstream media of the political center (New York Times, Washington Post) provides a platform to purveyors of false information leading to needless wars (see Iraq 2003) and climate change skeptics (see my previous post), The Nation offers more thoughtful alternatives to the conventional wisdom.  I'm not a regular reader, but am thinking of signing up.  Here's what most recently caught my eye.

Modern Monetary Theory -- The Sanders generation and a new economic idea

As James Galbraith says in the article: 
“The contribution of MMT is not the discovery of new facts,” Galbraith says. “It’s a teaching core of things which are factually uncontroversial.” But its implications can be radically humane.
 I highly recommend the entire article.

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