MMP Blog #41: MMT for Austrians Part 4: Is Description Without Theory, Ideology or Policy Desirable? Is it Even Possible?
The answer to both questions posed in the title is, I think, a big fat no.
Milton Friedman
MMP Blog #38: MMT for Austrians
MMT is not just for advocates of big government. I have always been surprised that some of the most vehement critics of MMT are libertarians and Austrians.
MMP Blog #32: Milton Friedman’s Version of Functional Finance: A Proposal for Integration of Fiscal and Monetary Policy
Milton Friedman was a conservative economist and a vocal critic of “big government” and of Keynesian economics. Yet, in 1948 he made a proposal that was almost identical to Lerner’s functional finance views.
Towards a Libertarian/Austrian Modern Money Theory
Any time there is an MMT post, the comments are dominated by conspiracy theorists, haters of government, goldbugs, and victims of alien probings who are certain that MMT-ers are united in their effort to ramp up government until it consumes the entire economy.
Capitalism is Bad for Business
The reason debates about economic equality, social mobility, access to opportunity, capitalism, socialism, and politics are bogged down in stubborn, circular quagmires is because most people see capitalism and commerce as the same thing.
Modern Monetary Lens
The point has been to make it clear that using the MMT lens and choosing to look for public purpose solutions yields full employment and a path to a progressive society.
