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Don't be put off by the title. The post is chiefly about MMT's interpretation of functional finance rather than Australia. While the post is longish and wonkish (but no equations to slow you down), it is worth a careful read. Brian explains functional finance from the POV of an applied mathematician with experience in both control systems and finance. It's a bit of a different perspective so there is a lot in there that MMT economists generally don't touch on.Bond Economics Australian Fiscal Surpluses And Functional FinanceBrian Romanchuk
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Mike Norman considers the following as important: Functional Finance, MMT
This could be interesting, too:
Don't be put off by the title. The post is chiefly about MMT's interpretation of functional finance rather than Australia. While the post is longish and wonkish (but no equations to slow you down), it is worth a careful read. Brian explains functional finance from the POV of an applied mathematician with experience in both control systems and finance. It's a bit of a different perspective so there is a lot in there that MMT economists generally don't touch on.Bond Economics Australian Fiscal Surpluses And Functional FinanceBrian Romanchuk
Topics:
Mike Norman considers the following as important: Functional Finance, MMT
This could be interesting, too:
Mike Norman writes Jared Bernstein, total idiot. You have to see this to believe it.
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Matias Vernengo writes Public vs private debt
While the post is longish and wonkish (but no equations to slow you down), it is worth a careful read.
Brian explains functional finance from the POV of an applied mathematician with experience in both control systems and finance. It's a bit of a different perspective so there is a lot in there that MMT economists generally don't touch on.
Bond Economics
Australian Fiscal Surpluses And Functional Finance
Brian Romanchuk