Short thread

Anyone who has been paying attention knows that what we’re hearing from a number of economists today was laid out more forcefully more than a decade ago by those they prefer to ignore.
Short threadAnyone who has been paying attention knows that what we’re hearing from a number of economists today was laid out more forcefully more than a decade ago by those they prefer to ignore.
Short threadAnyone who has been paying attention knows that what we’re hearing from a number of economists today was laid out more forcefully more than a decade ago by those they prefer to ignore.
Short threadAnyone who has been paying attention knows that what we’re hearing from a number of economists today was laid out more forcefully more than a decade ago by those they prefer to ignore.
What, eg, did Blanchard discover that wasn’t already written up by @stf18 in 2006? https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1722986
Mainstream econ has arrived at the position that we’re probably OK as long as CBO forecasts re: the future path of interest rates is off. MMT asserts that the future path is a policy choice.
Anyway, there’s an enormous literature—spanning well over a decade—on debt sustainability from an MMT perspective, most of it by @stf18 who always lays things out in extremely detailed fashion. As here http://neweconomicperspectives.org/2013/01/functional-finance-and-the-debt-ratio-part-iv.html
Functional Finance and the Debt Ratio—Part IV

By Scott Fullwiler[Part 1] [Part 2] [Part 3] [...] [Part 5]This five part series will explore at length (warning!) and in detail (another warning—wonk alert!) the MMT perspective on the debt

http://neweconomicperspectives.org/2013/01/functional-finance-and-the-debt-ratio-part-iv.html
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