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Greg Mankiw on Modern Monetary Theory
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Greg Mankiw on Modern Monetary Theory
Modern Monetary Theory (MMT) had a real moment in the spotlight in the late 2010s, with political support in the US from Presidential hopefuls Bernie Sanders and Alexandria Ocasio-Cortez. However, mainstream economists mostly didn’t understand it, or ridiculed it, or both. I mostly ignored the detail of it, only picking up what I knew about it from… […]
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