Got a piece up on Polanski, MMT, economic policy and all that.
Punchline: Polanski is right that the current institutional and operational framework is past its sell by date, and Greens are asking the right questions — but Richard Murphy’s MMT is not the answer.
blogs.lse.ac.uk/politicsandp...
blogs.lse.ac.uk
Zack Polanski is pushing some new ideas about economics, inspired by Modern Monetary Theory. But MMT is not a credible basis for a progressive left agenda.