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Welcome, Prof. John Quiggin!

May 10, 2011

Prof. John Quiggin, author of Zombie Economics, and of Crooked Timber is asking about MMT at his blog.

I have a quick prediction: Prof. Quiggin will be the biggest supporter of MMT once he groks it. MMT provides a framework of thinking about money that accurately matches the accounting of banks and governments, and reality has a well-known liberal bias.

Then, we know he can be savage in going after economic ideas that don’t work and are proven to be false – and are largely right-wing in orientation.  That’s what his excellent book ZE does.

Combine these facts, and well, odds are Prof. Quiggin will be a pound-the-table supporter of MMT within 6 months.

MMT is really heating up. Peter D is right – we might be moving to the self-evident phase quite quickly.

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  1. May 11, 2011 at 6:46 am
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