User talk:Dtellett/Modern Monetary Theory

Modern Monetary Theory

I came upon your proposal last year to develop the topic further in a stand-alone article. Is this still in the works? Professor marginalia (talk) 22:40, 13 April 2013 (UTC)[reply]

Maybe. Lack of enthusiasm by its adherents (who insisted MMT is one and the same as Knapp's chartalism, which it patently isn't) and the vast disparity between the WP:FRINGE nonsense posted on MMT blogs and the more interesting stuff posted in some of the MMT academic papers caused my interest to wane. If you want to start the page yourself, I'd encourage you to do so, — Preceding unsigned comment added by Dtellett (talk • contribs) 09:23, 14 April 2013 (UTC)[reply]

Thanks for the reply. I suspect MMT adherents see themselves sharing in common Knapp's foundational premise that money ultimately derives its value from the state rather than from any intrinsic value, but they seem also to strongly cluster around a broader set of economic ideas such as Kaldor's sectoral balance modeling, Keynesian counter-cyclical fiscal spending, the state serving as employer of last resort, etc. There's so much more seemingly defining MMT than chartalism per se so it's difficult, I think, to do justice to either when confined to the one article. I wasn't aware of the pushback-it's surprising to hear given Keynesianism, Neo Keynesianism, New Keynesian, Post Keynesian distinctions don't seem to ruffle feathers this way. Describing MMT/chartalism both sufficiently in the same article would conflate them too much, imo. I don't have so much free time these days, but I'll take a closer look to see what I can maybe accomplish along those lines. Professor marginalia (talk) 18:29, 14 April 2013 (UTC)[reply]