The modern monetary theory literature seems to have escaped Drumetz/Pfister

William F. Mitchell
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William F. Mitchell: N/A

European Journal of Economics and Economic Policies: Intervention, 2023, vol. 20, issue 1, 23-33

Abstract: This paper provides a response to the recently published critique of modern monetary theory (MMT) by Drumetz/Pfister, which is based on a superficial representation of the body of knowledge and follows a familiar script: MMT is about printing money to solve all problems and will cause accelerating inflation, a plethora of unproductive jobs, and a bond-market revolt. The paper demonstrates that if the authors had consulted the published academic literature, they would have realised that many of the assertions they make are simply without foundation.

Keywords: modern monetary theory; MMT; job guarantee; inflation (search for similar items in EconPapers)
JEL-codes: E12 E62 E63 H6 J6 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:elg:ejeepi:v:20:y:2023:i:1:p22-33

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