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Debunking MMT, Keynesianism, Monetarism: Reader asks “What theories do you believe?” Mish Reading List

Courtesy of Mish.

In Central Banks Puzzled as Global Inflation Hits Lowest Level Since 2009: Solving the Puzzle I stated: “It’s no mystery why central bankers are mystified: Collectively, they are economically illiterate fools engaged in Keynesian and Monetarist group think.”

Reader Jon wants to know what I do believe and if I have any links.

Specifically, Jon asked: “Mish, if you are not a Keynesian nor a monetarist, what theories do you believe and do you have links or references about them?”

I subscribe to the Austrian school of economics covered in points 1-4 below,

Reading List

  1. Economics for Real People by Gene Callahan
  2. Economics in One Lesson by Henry Hazlitt
  3. What Has Government Done With Our Money? by Murray N. Rothbard
  4. Case Against the Fed: Murray N. Rothbard
  5. Tomorrow’s Gold Marc Faber
  6. Capitalism For Kids: Growing Up To Be Your Own Boss by Carl Hess
  7. Debunking Modern Monetary Theory (MMT) & Understanding it First by Erik Zimerman

Points three and four are free downloads. Tomorrow’s Gold is an investment book by Marc Faber, one of the best ever, but it is not about the question asked. The book appears to be out of print. The best option may be to buy a used copy.

I added point seven today. It is a free website article.

Links 1, 2, 5, and 6 go to Amazon. I get a tiny cut of the action. It comes from Amazon. If you prefer Amazon gets the full price, then remove my reference.

MMT, Keynesian, Monetarism Fatal Flaws


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