{"id":1360,"date":"2011-08-15T14:40:20","date_gmt":"2011-08-15T14:40:20","guid":{"rendered":"http:\/\/www.multiplier-effect.org\/?p=1360"},"modified":"2011-08-16T18:30:33","modified_gmt":"2011-08-16T18:30:33","slug":"wray-responds-to-krugman","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/wray-responds-to-krugman\/","title":{"rendered":"Wray Responds to Krugman"},"content":{"rendered":"<p>L. Randall Wray has <a href=\"http:\/\/www.huffingtonpost.com\/l-randall-wray\/paul-krugman-modern-money-theory_b_926757.html\">responded<\/a> in the <em>Huffington Post<\/em> to Paul Krugman&#8217;s latest <a href=\"http:\/\/krugman.blogs.nytimes.com\/2011\/08\/11\/franc-thoughts-on-long-run-fiscal-issues\/\">criticism<\/a> of Modern Money Theory.\u00a0 In addition to taking issue with the usefulness of Krugman&#8217;s historical example (France after WWI), Wray discusses the evolution of MMT and the manner in which it has benefited from the rise of social media.<em><\/em><\/p>\n<p><em>Update:\u00a0 <\/em>Krugman&#8217;s <a href=\"http:\/\/krugman.blogs.nytimes.com\/2011\/08\/15\/mmt-again\/\">newest<\/a> post on MMT, from today.<\/p>\n<p><em>Update II:\u00a0 <\/em>Wray&#8217;s point by point <a href=\"http:\/\/www.economonitor.com\/lrwray\/2011\/08\/16\/paul-krugman-still-gets-it-wrong-modern-money-theory\/\">rejoinder<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>L. Randall Wray has responded in the Huffington Post to Paul Krugman&#8217;s latest criticism of Modern Money Theory.\u00a0 In addition to taking issue with the usefulness of Krugman&#8217;s historical example (France after WWI), Wray discusses the evolution of MMT and the manner in which it has benefited from the rise of social media. Update:\u00a0 Krugman&#8217;s [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[112],"tags":[],"class_list":["post-1360","post","type-post","status-publish","format-standard","hentry","category-modern-monetary-theory"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=1360"}],"version-history":[{"count":7,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1360\/revisions"}],"predecessor-version":[{"id":1365,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/1360\/revisions\/1365"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=1360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=1360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=1360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}