Friday , November 15 2019
Home / Tag Archives: MMT

Tag Archives: MMT

Bill Mitchell – billy blog Q&A Japan style – Part 1 through 4 of 4

Bill's 4 part series on Japan.Bill Mitchell – billy blogQ&A Japan style – Part 1Q&A Japan style – Part 2Q&A Japan style – Part 3Some reflections on my time in Japan while I am too busy to writeQ&A Japan style – Part 4 Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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Hedge fund titan Ray Dalio: Trickle-down economy ‘not working’ — Brittany De Lea

“This set of circumstances is unsustainable and certainly can no longer be pushed as it has been pushed since 2008. That is why I believe that the world is approaching a big paradigm shift,” Dalio wrote. Governments are also battling large deficits, while pension and health care liabilities are increasing. The latter circumstance, he says, will result in an escalation of the wealth gap battle as the government decides whether to cut benefits, raise taxes or print money to address it. This...

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Bill Mitchell — Q&A Japan style – Part 1

This is the first part of a three-part series this week, where I provide some guidance on some key questions about Modern Monetary Theory (MMT) that various parties in Japan have raised with me. The public discussion about MMT in Japan is relatively advanced (compared to elsewhere). Questions are asked about it and answered in the Japanese Diet (Parliament) and senior economics officials in the central bank and government make comments about it. And political activists across the political...

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Not So Modern Monetary Theory —Lance Taylor

The bottom line is that MMT’s aims are exemplary but an aggressive fiscal stance carries some risk. The doctrine’s theoretical synthesis adds little to the vintage ideas of Godley, Lerner, and Keynes. MMT revamps them with an expansionary thrust but is no striking intellectual synthesis. A better acronym would be VFT, or Vintage Fiscal Theory. Another "we knew it all along and it's no big deal" critique that cites no MMT economists. Lance Taylor does cite his own work, however, and that of...

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Bill Mitchell — US economy continues to grow, albeit at a slower pace—

The US Bureau of Economic Analysis (BEA) released the – Gross Domestic Product, Third Quarter 2019 (Advance Estimate) – data yesterday (October 30, 2019). It shows that the US economy “increased at an annual rate of 1.9 percent in the third quarter of 2019” which was slightly slow than the 2 per cent recorded in the June quarter. As this is only the “Advance estimate” (based on incomplete data) there is every likelihood that the figure will be revised when the “second estimate” is published...

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Andrea Terzi — Euro area financial balances send a warning signal

Professor Andrea Terzi is an MMT economist. Here are some observations on the EZ. The second link contains a link to a recent paper of his, "A critical analysis of public debt under a non-convertible currency standard: Implications for the euro area"Money And The Real EconomyEuro area financial balances send a warning signalThe euro area has a unique opportunityAndrea Terzi, Professor of Economics, Franklin College, Switzerland

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