Policymakers have helped to perpetuate an economic model that is ultimately unsustainable. The article is based on Bill Mitchell's analysis of US unemployment.AlterNetThe Fed Is on the Verge of Making a Major Policy ErrorMarshall Auerback / AlterNet
Read More »Youssef El-Gingihy — Actually the magic money tree does exist, according to modern monetary theory
Short review of Bill Mitchell and Thomas Fazi's Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World. IndependentActually the magic money tree does exist, according to modern monetary theory Youssef El-Gingihy
Read More »Bill Mitchell — Three recent interviews – transcripts and video
Today, I have translated two interviews I did while I was in Europe recently. The original interviews were in Spanish. The first interview was with Andrés Villena Oliver for CTXT and was published in the Spanish newspaper Público. It was conducted at Ecooo in Madrid on September 28, 2017. The the second interview was with journalist Marta Luengo Garcés from the progressive newspaper El Salto Diaro. It was conducted at the Principe Pio Hotel in Madrid on September 29, 2017. You can get a...
Read More »Peter Cooper — Mitchell, Wray and Watts on Teaching Modern Monetary Theory
The video below is of a three-part presentation by Bill Mitchell, L. Randall Wray and Martin Watts concerning their forthcoming MMT textbook. Throughout the presentation and in the Q&A session that follows there are interesting observations on the current state of university economics and prospects for MMT and the economics discipline in general. The presentation was given at the First International Conference on Modern Monetary Theory…. heteconomistMitchell, Wray and Watts on Teaching...
Read More »Bill Mitchell — Paradigm shift – not from the CORE Econ Project – as mainstream as you will get
Next Friday (September 22, 2017), I will be presenting at a panel on developments associated with the proposed MMT University and our new MMT Macroeconomics textbook, which will be published by Macmillan in April 2018. The panel will present during the First International MMT Conference, to be held in Kansas City. In part, my contribution will be to discuss the general pedagogical concerns that we (Randy Wray, Martin Watts and myself) had as we wrote the textbook over what turned out to be...
Read More »Patricia Pino — The fringe event that promises to empower Labour’s Progressives against neoliberalism
Professor Bill Mitchell – a major proponent of Modern Monetary Theory (MMT) – will attend a Labour Conference fringe event this September, it’s a rare opportunity progressives must seize.… Through the mass misinformation that is the neoliberal doctrine, the elites created a set of economic rules which presents them and only them as the indispensable saviours of society, and thus the only entity that must directly benefit from economic policy. They then dressed this fantasy as common sense,...
Read More »A Quick Point about Bill Mitchell’s Views on Speculative Capital Movements
Bill Mitchell sketches his views on international speculative capital movements here:“… I do not think that the imposition of country-by-country capital controls is the best way to eliminate the destructive macroeconomic impacts of rapid inflows or withdrawals of financial capital.If we consider that the only productive role of the financial markets is to advance the social welfare of the citizens – that is, advancing public purpose – then it is likely that a whole range of financial...
Read More »Bill Mitchell on Brexit
Very nice analysis from Bill Mitchell here:Bill Mitchell, “Why the Leave Victory is a Great Outcome,” Billy Blog, June 27, 2016.Bill recounts his experiences after strongly supporting the Brexit vote:“On Friday morning (Australian time), as it became obvious that the Leave vote would win, I tweeted that it ‘Looks like it will be a great result for UK. Now British labour has to abandon its neoliberalism & provide people with a progressive future’.I was met with immediate hostility by...
Read More »Bill Mitchell on the Euro, Austerity and MMT
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Read More »Bill Mitchell on the Dystopian Eurozone
Bill Mitchell was recently in Spain and gave this talk below on the Eurozone catastrophe. More details here.Start the video at the 25.00 mark to skip the Spanish introduction.[embedded content]
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