#AOC and MMT Spook the AEI

New Economic Perspectives has the article #AOC and MMT Spook the AEI.

William K Black expends the effort to write the critique of an article that I read, ‘Modern Monetary Theory’ Is a Joke That’s Not Funny. I was unwilling to spend my time criticizing the article. If I had Black’s skill, I might have said what was in Black’s article.

I’ll just give you an excerpt of the final summary that I have also been noticing.

There is only one reason that emerges from Strain’s text. His first sentence stresses that Alexandria Ocasio-Cortez supports MMT. The only other MMT proponent he identifies is Stephanie Kelton. The far right is obsessed with #AOC – and with her looks. Stephanie Kelton receives large numbers of comments, even in student course ratings, that focus on her looks rather than her prowess as an economist and teacher. This pattern is a common manifestation of misogyny, particularly against female economists. The variant of the Medusa myth that Strain explicitly uses emphasizes Medusa’s “beaut[y].” Strain’s variant of the Medusa myth is the one that combines female beauty and female rage into a ‘monster’ that destroys men. Strain’s Medusa metaphor and myth is another sad example of the far right’s obsession with #AOC in particular and strong women in general.

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