In my third article about Modern Monetary Theory (MMT), I try to understand the policies of the Carney government through the lense of this new way of looking at public finance.
https://open.substack.com/pub/billhulet/p/modern-monetary-theory-part-three
I never understood the MMT and what it’s good for. The theory - if it is a theory at all - has many flaws that don’t add up in my humble opinion. It also reminds me more on Keynes (which has as many flaws imo) than on Money Theory. But that’s just my 2 cents, maybe I am wrong.