1. "Modern Monetary Theory (MMT)" Redux
Allow me to introduce a Senior Economic Advisor to Bernie2020 campaign. She is professor of Economics and Public Policy at Stony Brook University, New York. She is the kind of credentialed ignoramus Bernie Sanders gets his weird shit from.
Allow me to introduce a Senior Economic Advisor to Bernie2020 campaign. She is professor of Economics and Public Policy at Stony Brook University, New York. She is the kind of credentialed ignoramus Bernie Sanders gets his weird shit from.
2. Her name is Stephanie Kelton, and she is a proponent of a carcinogenic mutant creature our academia has birthed. It's called Modern Monetary Theory. In short, it provides an academic cover for the notion that government can create infinite money without adverse consequences.
3. Allow me to introduce Stephanie Kelton in her own words: 
4. To which I responded:
5. No serious economist believes in MMT, but quack economists are running amok with it.
Both @BernieSanders and @AOC have latched onto MMT like starving pups to a mother's teat.
Both @BernieSanders and @AOC have latched onto MMT like starving pups to a mother's teat.
@BernieSanders @AOC 6. Modern Monetary Theory (MMT) is to Economics what a Gender Studies department might be to Biomedical Engineering. It's an attitude with a purpose to strike a pose, not an academic discipline.
No wonder snake-oil salesmen like Bernie Sanders and AOC love it.
The End
No wonder snake-oil salesmen like Bernie Sanders and AOC love it.
The End
