Ok, I tried this once before and now it looks like another thread has taken off where my last one was left. What I’m looking for is a formal, thorough, critique of MMT from an Austrian perspective. Please do not post unless you understand MMT, meaning you have read something like the explanations …

Here are some critiques by Robert Murphy, a well-known Austrian economist: Mises.org: Aren’t Deficits Another Name for Saving? Nope. Mises.org: HuffPo Abolishes Scarcity He may or may not had been aware that these were about Chartalist / MMT concepts, but there is no mistake that they are.

Here is what I consider a decent critique of Chartalism / MMT by a forum poster. Maybe the Chartalists would probably disagree, but it’s probably best to continue the conversation in the other thread : Post Keynesians are not really Keynesians at all, though they claim to be the “true followers” of…

I won’t refute this entirely because it is HIGHLY flawed and the author clearly lacks an understanding of MMT. To begin with MMTers are technically Minskians based on Abba Lerner’s beliefs. As for the nonsense above, with regards to #3 - the bond market exists solely as a monetary tool that drains …

OK, once again, this time Mosler’s paper: Starts off by saying the govt can print all the money in the world. Agreed. Nobody can stop them. But their money can become worthless if too much is printed. This is simply the law of supply and demand. Even if we grant that there is a need for govt money…

With all due respect, that’s like the top floor of a skyscraper. And MMT seems to be flawed on the ground floor. One need not reach deep into the magic bag of AE to see what’s wrong with MMT.

Dave doesn’t even begin to understand MMT. If you can’t grasp it then please stop trying to critique it. You clearly have no idea what you’re talking about.

Show me where I’m wrong. I showed exactly, line by line, where Mosler is wrong.

Your entire argument is based around the idea that the government collects money to use it for something. You’re referring to the government sector like it’s exactly like a household. This is an egregious misunderstanding of MMT. You have not even displayed an ability to get beyond the very most bas…

Thank you for letting me know it is not worth my time.

An Austrian Critique of MMT?

Economics Economics Questions

Think_Blue February 1, 2011, 9:00pm 5

If anyone wishes to respond to Esuric’s comments quoted above, then they should post on the other thread:

[url]MMT redux]

Topic		Replies	Views
A Critique of the Austrian Business Cycle Theory… by an Austrian Economist Economics Questions	21	3987	January 6, 2012
MMT redux General	40	16321	February 3, 2011
Mitchell School of Chartalism Economics Questions	7	2063	July 25, 2012
Critiques of Austrian Economics. Economics Questions	18	3414	August 6, 2009
Post Keynesian criticism of Austrian Economics. Economics Questions	18	5410	June 19, 2011

An Austrian Critique of MMT?

Related topics