Izabella Kaminska: Why MMT is Like an Autostereogram
Yves here. As someone who does not see in three dimensions, the headline metaphor breaks down for me, but it is still a good attention-getter.
By Izabella Kaminska, a former banker who writes for FT Alphaville. Cross posted from FT Alphaville via New Economic Perspectives
We’ve discussed MMT’s recent foray into the mainstream, and the confusion it has consequently courted.
But that’s the funny thing about the theory. It is naturally divisive because most of the time it fails to communicate its message succinctly. Which is weird, since the premise is actually fairly simple to understand.
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