Titlebook: What‘s Wrong with Modern Money Theory?; A Policy Critique Gerald A.‘Epstein Book 2019 The Editor(s) (if applicable) and The Author(s), unde

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Introduction: Strange Bedfellows and the Rise of Modern Money Theory,practical viability of this program. This chapter introduces my critique of these policy proposals based on their limited applicability, their possible dangers for developing countries, the advocates lack of attention to empirical evidence, and the dangerous political message it sends to progressives, among other problems.

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,“America First” Monetary Policy and Its Costs,rogressive macroeconomic policy, these impacts should be taken into account, including a more serious discussion of mitigating policies, such as financial regulations, capital controls and modifications in the US macro policy if necessary.

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Book 2019s a burning question in the policy and politics of the US and elsewhere where MMT is gaining a policy foothold, especially among progressive activists and politicians: Is MMT, in fact, a good guide for progressive macroeconomic policy? The main focus of this book is to explain why the answer to this question is?no..

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The Role of the Dollar as an International Currency and Its Limits in a Multi-Key Currency World,d that this role is so secure and exploitable that “we do not have to worry about it in our lifetimes”. This chapter explores this question theoretically, empirically and historically. I conclude that the world is moving to a multi-currency system that will make that role less exploitable by MMT style macro-policy.

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An MMT Free Lunch Mirage Can Lead to Perverse Outcomes: Fight Your Friends, Spare Your Enemies,his chapter explores the implications of this political struggle and political problems such as these with MMT’s approach. Some MMTers have only recently acknowledged that taxes or spending cuts would be needed to implement a GND.

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an, progressive perspective.Presents major public policy iss.This Palgrave Pivot assesses the validity of Modern Money Theory’s approach to macroeconomic policy, specifically monetary and fiscal policy. Whereas other papers have focused primarily on theoretical and doctrinal issues, this book focuse