BONUS: Noah Smith on the State of Macroeconomics
Macro Musings with David Beckworth
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Aren't They a Subset of Post-Kanesian Economic?
David Frum: MMTs are really a subset of post-Kanesian economic. He says neo-fisherians confuse the long run for the short run because it's a relationship. But with ideas like price controls, you see some cases where we've done price controls and it didn't blow up the economy., he says.Frum: I think that in general, it's a pretty bad way to control inflation; has extreme dangerous downsides.
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