Some myths about modern monetary theory and its developers

Today’s economics blog is about some reactions I have to the many pieces of correspondence I get each week about my work via E-mails, letters, telephone calls. It seems that there is a lot of misinformation out there and a reluctance by many to engage in ideas that they find contrary to their current understandings (or more likely prejudices). It always puzzles me how vehement some people get about an idea. A different idea seems to be the most threatening thing … forget about rising unemployment and poverty – just kill the idea!. So here are a few thoughts on that sort of theme.

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LP gone but plays on all over the place

Les Paul died yesterday at the age of 94. He was one of the biggest innovators in modern music having invented one of the two great guitar designs in the 1950s that have not been bettered since. So many people still want to play the LP custom that the invention will live on into the future.

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