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Clive Crook: What Would Modern Monetary Theory Do About Inflation?
MMT correctly acknowledges the problem of rising prices, but it offers no plausible solution. The squabbling over whether Modern Monetary Theory is a Copernican revolution for public policy or a load of nonsense hasn't been very enlightening. The prevailing sentiment in both camps — "You just don't get it" — is a declaration of faith that
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Posted: February 10, 2022 Thursday 10:30 AM