I participated in a “Yay/boo for MMT!” debate Zoom panel for the annual Canadian Economist Association conference. I do not think I said anything outrageously stupid or got anyone raging mad at me, so I beat my expectations going into it. (I do not know if these panels will be publicly available after the end of the conference.)
Jun 1, 2023·edited Jun 23, 2023Liked by Brian Romanchuk
I don't see any comments yet, so here goes.
As for specific policy analysis, there's moving decision making away from a balanced budget framework and to a balanced economy framework. The last Congress seemed to for a while move at least the framing in that direction (result: record surplus leading into high prices).
As for "falsifiable," that monetary policy is ineffective: it's hard to imagine anyone not born yesterday who hasn't come to the conclusion that not only hasn't the F.R.B. "agency" been effective at combatting fifty years of rolling boom-bust cycles, but, it must finally be apparent looking back over fifty-years, a leading component cause of them.
CEA MMT Panel Post-Mortem
I don't see any comments yet, so here goes.
As for specific policy analysis, there's moving decision making away from a balanced budget framework and to a balanced economy framework. The last Congress seemed to for a while move at least the framing in that direction (result: record surplus leading into high prices).
As for "falsifiable," that monetary policy is ineffective: it's hard to imagine anyone not born yesterday who hasn't come to the conclusion that not only hasn't the F.R.B. "agency" been effective at combatting fifty years of rolling boom-bust cycles, but, it must finally be apparent looking back over fifty-years, a leading component cause of them.