I can't help but feel that this "debate" exists because people are too quick to form opinions before hearing the other side out. I still believe the two views can be reconciled. They are looking at the same thing through different glasses.https://twitter.com/StephanieKelton/status/1102690388505231360 …
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Allowing this to be correct, for argument's sake, it would still mean that MMT is something less than it purports to be: the attention it has garnered is after all due to its proponents' far from modest claims regarding how radically it differs from orthodox macro-money thought.
This. For he MMTers to be right, everything has to go to plan. Once inflation gets out of control, the party is over. The counter to MMT isn't austerity it's boring old counter-cyclical fiscal policy