by Summary:
This is a good Twitter thread and I suggest reading it. I am sure MMT economists will jump in.Here's an excerpt. ... Brad DeLong: MMT is Abba Lerner's Functional Finance with bells & whistles & some confusions. Manipulate G to stabilize Y & π, manipulate M to get an i to make debt finance sustainable, and rely on π to tell you if your policies are sustainable... If π↑ need G↓ Suresh Naidu: Clearest exposition of MMT in a tweet. Fight me deficit owls! ... BDL has thought this through. That means taking MMT seriously.Grasping RealitySunday Morning Twitter: Functional Finance/A Better World Is Possible Tweeting...Brad DeLong | Professor of Economics, UCAL Berkeley
Topics:
Mike Norman considers the following as important: Abba Lerner, Fiscal Theory of the Price Level, Functional Finance, MMT
This could be interesting, too:
This is a good Twitter thread and I suggest reading it. I am sure MMT economists will jump in.Here's an excerpt. ... Brad DeLong: MMT is Abba Lerner's Functional Finance with bells & whistles & some confusions. Manipulate G to stabilize Y & π, manipulate M to get an i to make debt finance sustainable, and rely on π to tell you if your policies are sustainable... If π↑ need G↓ Suresh Naidu: Clearest exposition of MMT in a tweet. Fight me deficit owls! ... BDL has thought this through. That means taking MMT seriously.Grasping RealitySunday Morning Twitter: Functional Finance/A Better World Is Possible Tweeting...Brad DeLong | Professor of Economics, UCAL Berkeley
Topics:
Mike Norman considers the following as important: Abba Lerner, Fiscal Theory of the Price Level, Functional Finance, MMT
This could be interesting, too:
Steve Roth writes MMT and the Wealth of Nations, Revisited
Matias Vernengo writes On central bank independence, and Brazilian monetary policy
Matias Vernengo writes Public vs private debt
Michael Hudson writes International Trade and MMT with Keen, Hudson
This is a good Twitter thread and I suggest reading it. I am sure MMT economists will jump in.
Here's an excerpt.
...
Brad DeLong: MMT is Abba Lerner's Functional Finance with bells & whistles & some confusions. Manipulate G to stabilize Y & π, manipulate M to get an i to make debt finance sustainable, and rely on π to tell you if your policies are sustainable... If π↑ need G↓
Suresh Naidu: Clearest exposition of MMT in a tweet. Fight me deficit owls!
...
BDL has thought this through. That means taking MMT seriously.
Grasping Reality
Sunday Morning Twitter: Functional Finance/A Better World Is Possible Tweeting...Brad DeLong | Professor of Economics, UCAL Berkeley