The Mismeasure of Macro

Sloan strives for one more scare tactic. MMT will cause the United States to lose its reserve currency status and all the foreign bondholders will dump their treasury securities. This may sound scary to the average reader but those versed in bond markets will immediately see through the farce.

Apolitical Descriptive Currency Analysis is Anything but Flamboyant…… in response to John Tamny

There have been quite a few hit pieces written on MMT aka Modern Monetary Theory in recent months. I assume much of this has to do with the meteoric rise of freshman Congresswoman Alexandria Ocasio Cortez and her connection to MMT economists such as Stephanie Kelton and Pavlina Tcherneva. There are people amongst us that have either a philosophical or opportunistic need to stop the momentum that MMT has picked up in recent years. I recently read a truly egregious article by John Tamny published the 27th of January in Forbes titled, The Flamboyant Absurdity of 'Modern Monetary Theory'.