Thursday, September 10, 2020

It's Out: Problems With Modern Monetary Theory: A Comment on Stephanie Kelton’s "The Deficit Myth"

My critique of Stephanie Kelton’s MMT book, "The Deficit Myth," is out.

When I first started reading Kelton's book, I planned my usual 3 or 4 paragraph review of it. But the more and more I read, the more it became clear to me that the book was packed with logical errors, bad economics and even a remarkable embarrassing footnote.

Yet, somehow, the book became extremely popular even hitting the New York Times bestsellers list.
It had to be refuted from start to finish.

There are points made in my critique that you won't see anywhere else that must be understood by those interested in economic policy as MMT gains traction. One of the problems I point out in my 50-plus page booklet is that MMT advocates are much more than supporters of massive money printing but are also across the board central planners. This is being missed by other reviews but is at the heart of MMT.
If you want to understand the full spectrum of deep problems with MMT, my critique is a short easy-to-read analysis that does it.

You can order the booklet here at Amazon or from your local bookseller. 


1 comment:

  1. Thank you for writing this critique on magical monetary theory. Can you make an e-Book version for Kindle? I don't buy physical books anymore.