The more I read about Modern Monetary Theory (MMT) the more I think it should be renamed to “Ahistoric Monetary Theory”. It seems to me that advocates of MMT are either ignorant of historic precedent or think that economists today are so much better at forecasting inflation and regulating business than in the past that it borders on delusion.
MMT and inflation
MMT and inflation
MMT and inflation
The more I read about Modern Monetary Theory (MMT) the more I think it should be renamed to “Ahistoric Monetary Theory”. It seems to me that advocates of MMT are either ignorant of historic precedent or think that economists today are so much better at forecasting inflation and regulating business than in the past that it borders on delusion.