MMT And Price Level Determination — Brian Romanchuk

Summary:
What determines the price level is a theoretical topic that pops up in Mosler's White Paper on Modern Monetary Theory (MMT - link to my discussion). Mosler's argument is that only MMT provides a proper understanding of price level determination. That is a strong claim, and difficult to assess. However, the discussion of price level determination is a distinctive part of MMT, and should receive greater prominence in discussion.... Bond Economics MMT And Price Level DeterminationBrian Romanchuk

Topics:
Mike Norman considers the following as important: currency sovereignty, inflation, MMT, monopoly power, price level

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