I think this is a good summary of my position as well. MMT as a description of how it works is far better than the dominant ideological description of how it works. Reasoning from that to prescriptions must always, inherently, be experimental and that means until MMT theorists get control of monetary policy, all prescriptions are going to be suspect.
Unfortunately, liberals and conservatives alike have no interest in scientific politics.
I think this is a good summary of my position as well. MMT as a description of how it works is far better than the dominant ideological description of how it works. Reasoning from that to prescriptions must always, inherently, be experimental and that means until MMT theorists get control of monetary policy, all prescriptions are going to be suspect.
Unfortunately, liberals and conservatives alike have no interest in scientific politics.
The Chinese state has control, and I try a little to see what they do with it, holding MMT in the back of my mind, to see how well it holds up.