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Just remember, Heisenberg was a notorious drug dealer. Maybe he started imbibing his own product.
Continuing on the theme:
I thought all would get a kick out of this one: https://seekingalpha.com/article/4296507-stephanie-kelton-president?ifp=0
This is a serious piece by a credible financial mkts blog. I don't necessarily mean the Presidential part (she's going to be NY's senator first; and AOC will be MMT's first president), I mean the inevitable adoption of MMT.
I'm writing my own response to the critiques in the rwer; the first two part are up and two more will be posted soon.
Here's part 2: http://neweconomicperspectives.org/2019/10/mmt-report-from-the-front-part2.html
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neweconomicperspectives.org
By L. Randall Wray PART 2 In Part 1 I discussed the third annual MMT conference that was recently held at Stony Brook, and you can find the program as well as videos of the conference here: (https://www.mmtconference.org/).
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Dear AFEE folks,be
MMT continues to attract a lot of attention.
From The Economist, October 10, 2019:
On the left, wacky schools of thought like “modern monetary theory” (mmt), which says, roughly, that as long as inflation remains contained the government can borrow as much as it likes and that fiscal policy should manage the economic cycle, have influenced some people such as Ms Ocasio-Cortez.
The recent issue of the Real World Economic Review devoted to MMT is also interesting, with articles by Randy Wray, Anne Mayhew, and many other prominent heterodox economists:
I am still digesting all of the different perspectives in this
issue, and I would be interested to hear how other institutionalists view this debate.
Best,
Geoff
Presidential Professor and Co-Chair of Economics at Bucknell University
Executive Director, ICAPE
Office: 128 Academic West Phone: 570-577-1666
Mailing Address: 1 Dent Drive, Lewisburg, PA 17837
Microeconomic Principles and Problems (2019)