NetNet’s John Carney spars with Bob Wenzel at Economic Policy Journal over MMT and the Austrian view. He concludes,
At the level of theory, Austrians and MMTers have a lot in common. Tactically, an alliance makes sense. Intellectually, bringing together the descriptive view of modern monetary systems with Austrian views about the structure of production and limitations of economic planning (as well Rothbardian respect for individual property rights) should be a fruitful project.
So, as I said last time, let’s make it happen.