Friday, 1 May 2026

The idiocy of MMT

Emmanuel Maggiori has a book about Modern Monetary Theory out today. It's very good and I was delighted to sit down with him on Tuesday to talk about it. 

There's a danger of giving credibility to this ridiculous theory just by talking about it. It's so idiotic that it feels like punching down, but since it seems to be growing in popularity, it needs to be addressed.

Enjoy!  

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