MMT is a mix of old and new. In my view, the old is widely understood by old Keynesians and the new is substantially wrong.Read it at Thomas Palley
More on the spurious victory claims of MMT
Thomas I. Palley
(h/t Mark Thoma — Send Your Comments to ...)
Oh my, them's fightin' words. Another Post Keynesian squabble.
UPDATE: Matias Vernengo reposts the Palley hit piece at Naked Keynesianism. The fight is on and the knives are coming out.