I'll be curious to read the material on uncertainty to come. But also your view seems partiallly atodds with MMT so can't wait for your direct engagement with it
Oh, what were you thinking was the clash with MMT? I suspect I don't actually know enough about MMT (beyond some caricatures) to even know when I'm disagreeing with it.
Oh, right. I'm definitely disagreeing with that part. I'm not (here) disagreeing with the weaker claim that if you have debts denominated in a currency you created, that gives you a certain amount of power that states have not optimally used. But if it's part of the claim that all money is state-created, I definitely don't agree with that.
I'll be curious to read the material on uncertainty to come. But also your view seems partiallly atodds with MMT so can't wait for your direct engagement with it
Oh, what were you thinking was the clash with MMT? I suspect I don't actually know enough about MMT (beyond some caricatures) to even know when I'm disagreeing with it.
I think they privilege the state in constituting money
Oh, right. I'm definitely disagreeing with that part. I'm not (here) disagreeing with the weaker claim that if you have debts denominated in a currency you created, that gives you a certain amount of power that states have not optimally used. But if it's part of the claim that all money is state-created, I definitely don't agree with that.