My latest ideas on macroeconomics, monetary economics, economic policy and current events.
Thursday, February 23, 2012
"Modern Monetary Theory"
Dylan Matthews, at the Washington Post has some funny ideas about what "Modern Monetary Theory" is. The modern monetary theory in the article appears to be some kind of post-Keynesian movement. Does anyone know what this is about? My coauthor Randy Wright would probably have a cow. Please don't tell him.