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6min chapter
System Dynamics and the Minsky Model with Tyrone Keynes
Macro N Cheese
Is MMT a Mismatch?
I think there is a nuanced element that probably each side could be informed on. If we could get to a place where we are using the same pair of glasses, then there's room for fruitful debate about how we should move forward. Once you understand MMT, now you understand this is true. So why aren't we better off? And then you look at politics and you realize 80% of the people want Medicare for all 70% of thePeople want a green new deal. Huge numbers of people want to eradicate all student debt. This is stuff you can't model out. These are the lies that I hope something like minsky can help us model.
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