A Skeptic’s Guide to Modern Monetary Theory by N. Gregory Mankiw [pdf]

I admit I don’t understand economics. However, neither do most politicians or readers of HN.

The real appeal of MMT is that it allows be state to raise revenue in a way that bypasses the dysfunctional Congress, and without the political cost of taxation.

That’s why Sanders and his followers love it.

Very few people understand it’s merits and flaws. Anyone not an economist who takes a position on this is motivated by ideology not science.

Raises concerns with MMT and inflation while not once mentioning how proponents of MMT address inflation. How convenient.

The main ways I’ve heard MMT proponents address inflation are price controls and denying it’s an issue in the first place (both are mentioned in the article.) Do you have a specific argument you feel was left out?

A skeptics guide to a "Skeptic's" guide; The author of this writes economic textbooks of competing/mainstream theory