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RE: Economy is no science
That sums it up for me in a very sharp way. Thanks for sharing.
The magic of 'economical growth', the one thing that is actually thought to be able to do so for ever...
That sums it up for me in a very sharp way. Thanks for sharing.
The magic of 'economical growth', the one thing that is actually thought to be able to do so for ever...
The free market solving any and all problems, another nice bit of magical thinking. Not all theories are nonsense though, MMT looks promising as a theory for fiat-money economies, and has the added benefit that the Austrian School thinks it is dead wrong 8-). MMT is still being developed, I follow this blog to stay current with it.
Yes, I am not buying that either. And indeed, it is more than just 'this versus that'. I am keeping an open mind.
Thanks for the link, will bookmark it, to read about this 'Modern Monetary Theory' at a later stage.