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This needs work, as the editors note. I suggest it be changed as follows
:Mainstream Keynesian:
:MMT:
The tone of this page, from the opening paragraph, presents MMT to non-academic audiences as a "theory" in opposition to a presumed "reality" which is referenced as "mainstream economics".
This is wrong. Economics is not a hard science and everything which passes for "mainstream" economics is as untested and assumed as MMT.
MMT should be presented as an alternative model, which it is, rather than a lesser idea which needs to displace convention in order to be taken seriously.
MMT will never, and can never, replace other models. Nor can older models be assumed to be more valid than newer ones. It should be treated like plate-tectonics before widespread acceptance, not as currently here, flat-earth theory. 176.253.22.20 ( talk) 15:14, 28 May 2023 (UTC)
I believe this should be credits both in the quoted passage and a bit later: the treasury transfers value to a payee from its operating account, thereby reducing the normal balance of the account, which is a cash-like asset of the treasury. The treasury is not itself the central bank; it is the office of the government that deals with the bank. 67.180.143.89 ( talk) 00:13, 22 July 2023 (UTC)
In the into, the article states “…governments do not need to worry about accumulating debt…”. This is not quite right as MMT has always posited that unchecked government debt leads to unchecked printing which leads to inflation. However, what MMT does state here is that governments that control their own currency can never become insolvent. This does not equate to no worry about accumulating debt except within non-inflationary bounds. 2600:8801:AF7E:4000:BC81:203C:73B1:3AAE ( talk) 14:40, 2 January 2024 (UTC)
This is the
talk page for discussing improvements to the
Modern monetary theory article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
Archives: 1Auto-archiving period: 365 days |
This
level-5 vital article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||
|
This needs work, as the editors note. I suggest it be changed as follows
:Mainstream Keynesian:
:MMT:
The tone of this page, from the opening paragraph, presents MMT to non-academic audiences as a "theory" in opposition to a presumed "reality" which is referenced as "mainstream economics".
This is wrong. Economics is not a hard science and everything which passes for "mainstream" economics is as untested and assumed as MMT.
MMT should be presented as an alternative model, which it is, rather than a lesser idea which needs to displace convention in order to be taken seriously.
MMT will never, and can never, replace other models. Nor can older models be assumed to be more valid than newer ones. It should be treated like plate-tectonics before widespread acceptance, not as currently here, flat-earth theory. 176.253.22.20 ( talk) 15:14, 28 May 2023 (UTC)
I believe this should be credits both in the quoted passage and a bit later: the treasury transfers value to a payee from its operating account, thereby reducing the normal balance of the account, which is a cash-like asset of the treasury. The treasury is not itself the central bank; it is the office of the government that deals with the bank. 67.180.143.89 ( talk) 00:13, 22 July 2023 (UTC)
In the into, the article states “…governments do not need to worry about accumulating debt…”. This is not quite right as MMT has always posited that unchecked government debt leads to unchecked printing which leads to inflation. However, what MMT does state here is that governments that control their own currency can never become insolvent. This does not equate to no worry about accumulating debt except within non-inflationary bounds. 2600:8801:AF7E:4000:BC81:203C:73B1:3AAE ( talk) 14:40, 2 January 2024 (UTC)