Does MMT offer anything new? - Part Two
We should not confuse the "money" that flows across transactions with "money" that adds value through capital enhancement for a sustainable future.
(Apologies about the links in this piece not working as active url links - Substack appears to have adopted a non-operative piece of JavaScript that does not work on most browsers. Cut and paste the italicised sentence into a new tab to view the resource).
My previous piece pointed out that MMT promoters focus heavily on what they call money flows withi…
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