Frederick Douglass

"Power concedes nothing without a demand. It never did, and it never will. Find out just what people will submit to, and you have found out the exact amount of injustice and wrong which will be imposed upon them..." Frederick Douglass

Monday, August 15, 2011

Summer rerun: Misunderstanding Modern Monetary Theory

Summer rerun: Misunderstanding Modern Monetary Theory

Okay so monetary theory doesn't get you excited, but this piece is more than just a dry, academic debate, it speaks to who is saying what and why. Admirers of uberKeynesian Paul Krugman may not like the article, but even they will benefit from reading it.

(And read Galbreath's important comment at the bottom.)

http://www.nakedcapitalism.com/2011/08/summer-rerun-misunderstanding-modern-monetary-theory.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29&utm_content=Yahoo!+Mail