Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280731 
Year of Publication: 
2023
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 20 [Issue:] 1 [Year:] 2023 [Pages:] 23-33
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
This paper provides a response to the recently published critique of modern monetary theory (MMT) by Drumetz/Pfister, which is based on a superficial representation of the body of knowledge and follows a familiar script: MMT is about printing money to solve all problems and will cause accelerating inflation, a plethora of unproductive jobs, and a bond-market revolt. The paper demonstrates that if the authors had consulted the published academic literature, they would have realised that many of the assertions they make are simply without foundation.
Subjects: 
modern monetary theory
MMT
job guarantee
inflation
JEL: 
E12
E62
E63
H6
J6
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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