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Doctor Hammer's avatar

Wonderful review. My experience in econ academia matches your experience well: many will admit they have no idea what is going on, and that there is no real theory anyone can point to to make sense of the decisions.

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Rune Schmidt Qvist's avatar

No serious economists believe in MMT. If your guy believes in MMT, it follows that he's not a serious economist. He can still have insights into the nitty-gritty of how the Fed operates, but be vary of grand conclusions.

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