by Summary:
This is just a short post-script to some points in the James Meadway article I discussed yesterday. What is to be done about financial sectors that are out-of-control, and endangering economic stability?... I would add one important thing that MMT contirubtes to this debate that Brian doesn't mention here. Warren Mosler has pounded on the need to regulate banks' asset side rather than their liability side as is current practice.Brian does mention that MMT economists have criticized current banking practice and have offered recommendations for reform based on Minsky. Warren, who formerly owned a small bank, has been out front on this with his recommendations, including proposals at his place.Bond Economics Fixing Out-Of-Control Banking Systems? Brian Romanchuk
Topics:
Mike Norman considers the following as important: banking reform, James Meadway, MMT
This could be interesting, too:
This is just a short post-script to some points in the James Meadway article I discussed yesterday. What is to be done about financial sectors that are out-of-control, and endangering economic stability?... I would add one important thing that MMT contirubtes to this debate that Brian doesn't mention here. Warren Mosler has pounded on the need to regulate banks' asset side rather than their liability side as is current practice.Brian does mention that MMT economists have criticized current banking practice and have offered recommendations for reform based on Minsky. Warren, who formerly owned a small bank, has been out front on this with his recommendations, including proposals at his place.Bond Economics Fixing Out-Of-Control Banking Systems? Brian Romanchuk
Topics:
Mike Norman considers the following as important: banking reform, James Meadway, MMT
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Michael Hudson writes International Trade and MMT with Keen, Hudson
This is just a short post-script to some points in the James Meadway article I discussed yesterday. What is to be done about financial sectors that are out-of-control, and endangering economic stability?...I would add one important thing that MMT contirubtes to this debate that Brian doesn't mention here. Warren Mosler has pounded on the need to regulate banks' asset side rather than their liability side as is current practice.
Brian does mention that MMT economists have criticized current banking practice and have offered recommendations for reform based on Minsky. Warren, who formerly owned a small bank, has been out front on this with his recommendations, including proposals at his place.
Bond Economics
Fixing Out-Of-Control Banking Systems?
Brian Romanchuk