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@riding coattailsThanks for this feedback.I am still very...

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saintex

4,755 Posts.

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27/02/25

09:50

Post #: 78049184
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Originally posted by riding coattails: ↑

Saintex, a belated thanks for posting this piece about Modern Monetary Theory (MMT). (I just found this nice little chat page) MMT sounds like a very practical way to look at managing an economy, even though it is quite outrageous in terms of classical gold standard monetary economic theory. I used to teach this material and it's great to see how the ideas are evolving over time. This guy Warren Mosler, who developed MMT, seems like a kind of genius.
Remember Quantitative Easing, it sounds right up his alley. It lead to very comfortable asset market valuations, probably avoided a global crash, and at least initially, not much goods inflation. Then the inflation did come and the political responses have been varied. I'm not a big fan of crashing the economy to get it under control like the monetarists would argue... better a gently, gently approach as MMT would suggest.

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@riding coattails

Thanks for this feedback.

I am still very interested by better understand MMT.
So please do not hesitate to add on this topic.
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