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Considering that MMT is itself a fringe movement within American economics and that the US economic establishment is firmly Friedmanite, why would you find it unsatisfactory that the German economic establishment is firmly Austrian? Even in France, sane economists are having trouble being accepted. And in Continental Europe ministers of education tend to have a strong influence on curricula even at the university level. So I find it eminently plausible that the German Government (if you include in it the Bundesbank) "had systematically prevented the preferment of sane economists".

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Mon May 9th, 2011 at 06:44:35 PM EST
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