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I don't know. MMT, THE EURO, AND THE ROAD TO RECOVERY: Interview with L. Randall Wray
Q: Is MMT necessarily linked to a certain macroeconomic policy or even a political ideology?

A: Narrowly speaking, no. I've written pieces on "MMT for Austrians". At one level, MMT describes how things actually work, with no ideology and no policy prescription. However, I do subscribe to the view that the goal cannot be to just understand the world. We try to understand it so that we can change it. Some Austrians do understand MMT and they are horrified; they want to go back to an imaginary past in which we used gold as money, and would use such a system to stop all progressive policy. I'm a progressive and I want to go forward, to use the monetary system to mitigate problems such as unemployment and poverty. I'm not shy about my political ideology and my use of MMT to further the agenda.

(My emphasis)

I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Feb 11th, 2013 at 06:16:15 AM EST
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