by Summary:
Abstract: Using historical sources, we attempt to unravel and elucidate the economic worldview held by the United States Treasury Department during World War II. We analyze the Treasury’s view of taxation, bond sales, and interest rates. We consider whether and in what ways this worldview is compatible with Modern Monetary Theory, finding that, in most regards, the two align closely, the differences being primarily attributable to the peculiarities of war finance. Finding a less clear view of national debt, an interpretation is offered based on Treasury’s statements. We also offer evidence that this view had a foothold in the era’s news outlets. Global Institute for Sustainable ProsperityModern Money and the War Treasury Sam Levey | Global Institute for Sustainable Prosperity Graduate
Topics:
Mike Norman considers the following as important: MMT, WWII funding
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Abstract: Using historical sources, we attempt to unravel and elucidate the economic worldview held by the United States Treasury Department during World War II. We analyze the Treasury’s view of taxation, bond sales, and interest rates. We consider whether and in what ways this worldview is compatible with Modern Monetary Theory, finding that, in most regards, the two align closely, the differences being primarily attributable to the peculiarities of war finance. Finding a less clear view of national debt, an interpretation is offered based on Treasury’s statements. We also offer evidence that this view had a foothold in the era’s news outlets. Global Institute for Sustainable ProsperityModern Money and the War Treasury Sam Levey | Global Institute for Sustainable Prosperity Graduate
Topics:
Mike Norman considers the following as important: MMT, WWII funding
This could be interesting, too:
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Abstract: Using historical sources, we attempt to unravel and elucidate the economic worldview held by the United States Treasury Department during World War II. We analyze the Treasury’s view of taxation, bond sales, and interest rates. We consider whether and in what ways this worldview is compatible with Modern Monetary Theory, finding that, in most regards, the two align closely, the differences being primarily attributable to the peculiarities of war finance. Finding a less clear view of national debt, an interpretation is offered based on Treasury’s statements. We also offer evidence that this view had a foothold in the era’s news outlets.Global Institute for Sustainable Prosperity
Modern Money and the War Treasury
Sam Levey | Global Institute for Sustainable Prosperity Graduate Student, University of Missouri – Kansas City