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eru
on March 21, 2024
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Suspicious discontinuities (2020)
Your point (1) sounds like the same old 'modern monetary theory' that never amounted to anything. To quip, MMT is both novel and correct. It has both novel and correct parts (but no parts that are both).
See eg
https://www.econlib.org/library/Columns/y2021/Sumnermodernmo...
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See eg https://www.econlib.org/library/Columns/y2021/Sumnermodernmo...