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2021-01-09

Who’s Afraid of MMT? by James K. Galbraith - Project Syndicate

It is not surprising that current and retired central bankers feel threatened by Modern Monetary Theory. With deep roots in the Keynesian tradition and a consistent commitment to achieving full employment, MMT shows that good economics and sound policy doesn't have to be shrouded in obscurantist cant.


Two fresh cases are Raghuram G. Rajan, a former governor of the Reserve Bank of India, and Mervyn King, a former governor of the BOE.


https://www.project-syndicate.org/commentary/why-central-bankers-fear-modern-monetary-theory-by-james-k-galbraith-2020-12

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