Summary:
Recently, there has been a burst of interest in modern money theory (MMT). The essential claim of MMT is sovereign currency issuing governments do not need taxes or bonds to finance government spending and are financially unconstrained. MMT rests on a triad of arguments concerning: (i) the macroeconomics of money financed budget deficits, (ii) the ...
Topics:
Thomas Palley considers the following as important: Economics, Political Economy, Uncategorized
This could be interesting, too:
Recently, there has been a burst of interest in modern money theory (MMT). The essential claim of MMT is sovereign currency issuing governments do not need taxes or bonds to finance government spending and are financially unconstrained. MMT rests on a triad of arguments concerning: (i) the macroeconomics of money financed budget deficits, (ii) the […]
Recently, there has been a burst of interest in modern money theory (MMT). The essential claim of MMT is sovereign currency issuing governments do not need taxes or bonds to finance government spending and are financially unconstrained. MMT rests on a triad of arguments concerning: (i) the macroeconomics of money financed budget deficits, (ii) the ...
Topics:
Thomas Palley considers the following as important: Economics, Political Economy, Uncategorized
This could be interesting, too:
Peter Radford writes Weekend read – The trouble with words
Dean Baker writes In a free market, drugs are cheap, government-granted patent monopolies make them expensive
Lars Pålsson Syll writes Angus Deaton rethinking economics
Lars Pålsson Syll writes Ideology and the politics of economic method