{"id":81835,"date":"2025-04-22T08:12:10","date_gmt":"2025-04-22T07:12:10","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=81835"},"modified":"2025-04-22T08:12:10","modified_gmt":"2025-04-22T07:12:10","slug":"steve-keen-on-bill-mitchells-absurd-claims-on-the-economics-of-trade","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/04\/22\/steve-keen-on-bill-mitchells-absurd-claims-on-the-economics-of-trade\/","title":{"rendered":"Steve Keen on Bill Mitchell’s absurd claims on the economics of trade"},"content":{"rendered":"

In one of Steve Keens's latest Substack posts<\/a>, he has this to say:<\/p>\n

\"\"<\/p>\n

Steve then proceeds to demolish the absurd notion that Bill Mitchell and Warren Nosler have put forward on this issue, which has never made the slightest bit of economic sense.<\/p>\n

Steve and I both agree with the basic premise of money creation implicit within modern monetary theory.<\/p>\n

We have both continually warned that the biggest threat to MMT is the absurd economic logic of some of its founders, like Mosler and Mitchell.<\/p>\n

I am pleased Steve has stuck his head above the parapet again. He is right to do so. MMT would be much better off without Mitchell. I have little more to add to that comment. It is obviously true.<\/p>\n

The whole piece is worth reading<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

In one of Steve Keens’s latest Substack posts, he has this to say: Steve then proceeds to demolish the absurd notion that Bill Mitchell and
 Read the full article…<\/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":[35,174],"tags":[],"class_list":["post-81835","post","type-post","status-publish","format-standard","hentry","category-economics","category-modern-monetary-theory"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/81835","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=81835"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/81835\/revisions"}],"predecessor-version":[{"id":81837,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/81835\/revisions\/81837"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=81835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=81835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=81835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}