Everybody loves to hate Modern Monetary Theory
Friday, July 03, 2020
In 1853 the French writer Gustave Flaubert wrote, “You can calculate the worth of a man by the number of his enemies, and the importance of a work of art by the harm that is spoken of it.” By that standard, Modern Monetary Theory must be both worthy and important; it’s the economic school of thought that everybody loves to hate.
A new book by one of MMT’s leading proponents, Stony Brook University economist Stephanie Kelton, attempts to take back MMT from its critics and present it in simple language to a general audience. The Deficit Myth: Modern Monetary Theory and the Birth of the People’s Economy is a work of persuasion, not formal scholarship.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...