Sumner and endogenous interest rates
Sumner and endogenous interest rates
Scott Sumner has continued his efforts to understand the Mitchell, Wray, and Watts MMT manual (which I’ll summarize as MWW), but he’s having problems. However, these problems only reflect Sumner’s monetarism, which is out of step with the mainstream and post-Keynesian modern understanding of interest rates. He is concerned about the wording of the manual, […]
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