In an earlier thread, I thought I recalled you asking for a critique on MMT from sources other than neo-liberal or Austrian. The group of economists that I hear from now and then included me in some recent email discussions on MMT (some in the group are sympathetic to MMT's goals, some are sharply critical of MMT). One member of the group (she is actually sympathetic towards MMT and leans progressive in her thinking) forwarded us the two links below from Thomas Palley. He is critical of neo-liberal thinking and also sympathetic to progressive ideas on economics. But he just released these two articles sharply critical of MMT, so I am providing the links below if you want to delve into his analysis on it.
https://thomaspalley.com/?p=1738
https://thomaspalley.com/?p=1741
This is the kind of stuff these economists debate all the time and this group will copy me on their email discussions some times. I wish I could publish some of that, but they don't intend it for publication so I don't. But what I have learned from following their discussions is that there is a lot of widespread disagreement among economists and that they tend to debate theories that never actually enter the real world more often than not. Also, everyone in this group I mentioned above agrees with what I have been writing on the blog that unless we see a new major finanicial crisis that totally disrupts our present monetary system, any changes we do see are likely to be slow and incremental over many years (even decades). This includes economists all along the spectrum of views in the group.
https://thomaspalley.com/?p=1738
https://thomaspalley.com/?p=1741
This is the kind of stuff these economists debate all the time and this group will copy me on their email discussions some times. I wish I could publish some of that, but they don't intend it for publication so I don't. But what I have learned from following their discussions is that there is a lot of widespread disagreement among economists and that they tend to debate theories that never actually enter the real world more often than not. Also, everyone in this group I mentioned above agrees with what I have been writing on the blog that unless we see a new major finanicial crisis that totally disrupts our present monetary system, any changes we do see are likely to be slow and incremental over many years (even decades). This includes economists all along the spectrum of views in the group.
