Music Weekend (12 of 13)
Preface to all posts: in an effort to get me out of a lifelong rut of avoiding humans and events at all costs, some friends are having me spend the weekend at a musical event. I’m driving very extensively and will be largely offline, so I’m putting up some Very Best of Slope posts in my absence. See you Monday morning!
Modern Monetary Theory
In the book Modern Money Theory by L. Randall Wray, the author declares of MMT (that is, Modern Monetary Theory) that it will go through three phases of public opinion.
First, it will be ridiculed. Second, it will be violently opposed. Third, and finally, it will be accepted as self-evident. I’m not sure if it will play out that way, but I’m here for offer an essay which is probably straddling the first and second phases.
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