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MODERN MONETARY THEORY:
CAUTIONARY TALES FROM LATIN AMERICA

Sebastian Edwards

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Hoover Institute: Economics Working Paper 19106, April 25, 2019, 27 pgs.

 
 

Reviewer Comment:
The author tests the real results when Modern Monetary Theory has been practiced in the real world by examining several specific such efforts in Latin American countries. The host of champions of MMT are prolific authors of theoretical treatises but steadfastly refuse to provide emperical examples of its success. Rather, they berate their critics with claims that any one who does not see the 'light' of MMT simply does not understand it.

 
 

 

 
 

 
 

 
 



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