{"id":40889,"date":"2018-03-03T07:45:14","date_gmt":"2018-03-03T07:45:14","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=40889"},"modified":"2018-03-03T07:45:14","modified_gmt":"2018-03-03T07:45:14","slug":"steve-keen-on-mmt","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/03\/steve-keen-on-mmt\/","title":{"rendered":"Steve Keen on MMT"},"content":{"rendered":"<p>I have a lot of respect for Steve Keen. His book <a href=\"https:\/\/en.wikipedia.org\/wiki\/Debunking_Economics\" target=\"_blank\" rel=\"noopener\">Debunking Economics<\/a> is pretty much essential reading for anyone who wants to know the flaws in neoclassical economic thinking.<\/p>\n<p>Like me, Steve buys most of MMT, not because it's a dogma (in contrast to the neoclassical view)\u00a0 but simply because it describes how things really are.<\/p>\n<p>Like me Steve also has some reservations. Mine have been focussed on its attitude to tax (on which I may do more this weekend: it depends on the weather). Steve has focussed on MMT and the current account balance, where he thinks many's indifference is due to a US centric view.<\/p>\n<p>This critically supportive podcast is worth listening to<\/p>\n<p><iframe loading=\"lazy\" title=\"Steve Keen: Does Modern Monetary Theory make sense?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/QyzKblOtZjg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I have a lot of respect for Steve Keen. His book Debunking Economics is pretty much essential reading for anyone who wants to know the<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2018\/03\/03\/steve-keen-on-mmt\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-40889","post","type-post","status-publish","format-standard","hentry","category-economics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/40889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=40889"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/40889\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=40889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=40889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=40889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}