Saturday, February 25, 2012

Adrea Terzi — Civilized Money View (MMT) vs. Monetarist Keynesianism


Read it at Mepoc
Civilized Money View vs. Monetarist Keynesianism
by Andrea Terzi
[Andrea is a male name]

2 comments:

peterc said...

Very good!

Clarifies the differences between the two views with great clarity. Glad I'm on the side of civilization. :)

Tom Hickey said...

Agree, Peter. Terzi's post passes the Mosler test for clarity, brevity and pithy wisdom with flying colors.

I also like the narrative of MMT being the civilized solution. Using monetary policy to target inflation using labor as tool by creating a buffer of unemployed is barbaric.