The Thirdway was a step to the right, and a dropping of Socialist values. Modern Monetary Theory keeps what’s progressive, points out that inflation is the only constraint of spending in a sovereign fiat currency and does it all through historical facts and rigor.
I find it far more impressive than the pure-theory based economic schools. The common misconception is that MMT pushes for unconstrained spending when it’s in fact very clear about what causes inflation.
Jemmy
PugJesus
Share on Mastodon
Share on Reddit
Share on WhatsApp
Modern Monetary Theory is an alternative to Neo-Liberalism, which is Austrian-School economics in disguise.
https://en.wikipedia.org/wiki/Neoliberalism#traditions
The Thirdway was a step to the right, and a dropping of Socialist values. Modern Monetary Theory keeps what’s progressive, points out that inflation is the only constraint of spending in a sovereign fiat currency and does it all through historical facts and rigor.
https://www.youtube.com/watch?v=E5JTn7GS4oA
I find it far more impressive than the pure-theory based economic schools. The common misconception is that MMT pushes for unconstrained spending when it’s in fact very clear about what causes inflation.