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I agree with that, but most modern Keynesians don't.
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Do modern Keynesian call themselves Keynesian?
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Yes, many practitioners of Modern Macro call themselves various types of Keynesians (New Keynesian, Neo-Keynesian, etc.).
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Since they use neo prefix then let me take back my earlier criticisms lol
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MMT is not a new theory. It’s Keynes on steroids but using newspeak to cover up a recycled idea that was debunked in the 1970s and numerous other times.
History is replete with recycled ideas under a new name
The only time recycling ♻️ seems to work
@cryotosensei
MMT is not modern. It’s not monetary. And it’s not a theory with intellectual rigor.
It’s the Holy Roman Empire of economics