Tag Archives: Functional Finance

Keeper Lerner quote. I would not limit it to Trump, but extend it to almost the entire economics profession and policy advisers. If they get it wrong, politicians are unlikely to get it right.Lars Syll's BlogIf only Trump had read Abba Lerner! Lars Syll

Must-read for anyone interested in MMT.Lars P. Syll’s BlogAbba Lerner and functional financeLars P. Syll | Professor, Malmo University

In their recent NYTimes op-ed Paul Volcker and Peter Peterson say: Yes, this country can handle the nearly $600 billion federal deficit estimated for 2016. But the deficit has grown sharply this year, and will keep the national debt at about 75 percent of the gross domestic product, a ratio not seen since 1950, after the budget ballooned during World War II. The practical consequence of large deficits and debts, according to them is that: Our current debt may be manageable at a time of...