Sebastian Edwards demonstra que algumas, ou várias, das propostas da MMT são muito parecidas com o velho populismo latino-americano.
Será por isso que a região é a que menos cresce no mundo?
Paulo Roberto de Almeida
Modern Monetary Theory: Cautionary Tales from Latin America
The United States (and other developed nations to varying degrees) is special but all is not hopeless for the nations that are "less special." To the extent that the domestic population must pay taxes and other obligations in the government's currency, the government will be able to spend its own currency into circulation. And where the foreign demand for domestic currency assets is limited, there still is the possibility of nongovernment borrowing in foreign currency to promote economic development that will increase the ability to export.
It would be nice to have some proof of concept before it is put in place in the largest economy in the world — also home to the world's reserve currency... . It would be genuinely fascinating to watch a small country — with its own currency — govern itself according to the [MMT] theory's principles... . If those smaller countries can work out the kinks of economic governance in an MMT world, and achieve a higher standard of living, maybe then scale it up to a midsize country?