Today is launch day! Modern Monetary Theory #mmt is a seductive economic theory that's making the rounds around the world. It was popularized by Stephanie Kelton in her book The Deficit Myth, and it's been influencing politicians around the world. The theory was dismissed by traditional economists right away. But I didn’t want to do that. I wanted to learn as much as I could before drawing conclusions. So, I approached it with an open mind and read over 3,000 pages of work by modern monetary theorists themselves and their most thoughtful critics. The conclusion: MMT is not good. But I think we all need to understand what MMT says, as it’s a deeply seductive theory with the potential to cause a mess. Get a copy of my new book now :) amazon.co.uk/dp/1394375255/
