Johannes Schmidt has a new paper on the flaws of MMT’s treatment of open economies. Schmidt uses Wolfgang Stützel’s Theory of Exchange Rates, which led him to favor a fixed exchange rate system, to provide a more sensible Alternative. Find and download this paper here: ‘The Open Flank of MMT’ – contribution to the 25th… Continue reading More MMT Flaws through the Lens of Stützel
Academy for New European Political economics