MMP Blog #39 Responses
Comments and responses on the Modern Money Primer Part 39.
A response to John Carney’s published works because I think they are the most cogent MMT critiques the Austrians have to offer.
In today’s blog we will go a bit deeper into the accounting, looking at the relation between flows (deficits) and stocks (debts).
This week we will take a little break from pure accounting, and apply what we’ve learned to a real world example.