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Did the MMT Camp Correctly Predict the Post-Covid Economy?

Media Asset

Author: Robert P. Murphy Jonathan Newman

Online Publish Date: April 26, 2024

Category: Monetary Theory, Other Schools of Thought, The Fed, Inflation, Money and Banks

Recently on Twitter, as a reaction to an FT post worrying about the growing debts of various governments, fans of MMT were posting screenshots from a May 2020 FT debate involving Stephanie Kelton. The implication was that Kelton had correctly predicted that government debt would be benign. Bob and guest Jonathan Newman dissent. Stephanie Kelton

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