In the beginning, there was Keynesian economics; then came Post-Keynesian economics.  After Post-Keynesian economics, came Modern Monetary Theory.  And now it seems, John Taylor has discovered Post-Modern Monetary Theory. What, you may be asking yourself, is Post-Modern Monetary Theory all about? Great question!  In a recent post, Scott Sumner tried to deconstruct Taylor’s position, and … Continue reading John Taylor, Post-Modern Monetary Theorist