Disclaimer: Any opinions expressed, potshots taken, or scientific views articulated are mine, and need not represent the opinions, potshots, or scientific views of the Federal Reserve Bank of St. Louis, or the Federal Reserve System.
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.