Tuesday , March 31 2020
Home / Tag Archives: MMT (page 10)

Tag Archives: MMT

MMT Critics And Banks — Brian Romanchuk

As seen in some comments on my recent articles, critics of Modern Monetary Theory (MMT) often complain about MMT's treatment of banks. I am largely mystified by these criticisms, as they obviously miss the point. Very simply, the existence of banking system, and the fact that bank deposits to be considered to be part of monetary aggregates, is well understood within the MMT literature. The only real debate is about the implications of private banking. To what extent the banking system...

Read More »

Bill Mitchell – Australia’s bushfire dystopia – another entry for the neoliberal report card

I decided that I would run the CFA Franc series in three consecutive parts to maintain continuity and allow me to edit the final manuscript which Pluto Press will use to finalise the book by Fanny Pigeaud and Ndongo Samba Sylla. That meant that my usual Wednesday snippets sort of blog post didn’t happen this week. So, given that I have to travel for several hours today, Thursday becomes Wednesday and I just want to write a few comments about the current crisis in Australia (from the...

Read More »

MMT And Price Level Determination — Brian Romanchuk

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...

Read More »

Bill Mitchell — Introduction – The Last Colonial Currency: A History of the CFA Franc – Part 3

I have been commissioned to write the Introduction (Preface) to the upcoming book – The Last Colonial Currency: A History of the CFA Franc – by Fanny Pigeaud and Ndongo Samba Sylla, which is an English version of the original 2018 book, L’arme invisible de la Françafrique. It will soon be published by Pluto Press (UK) – as soon as I finish this introduction. The book is incredibly important because it shows the role that currency arrangements play in perpetuating colonial oppression and...

Read More »

Let The Economists & Researchers Speak — How Do We Fund A Clean Energy Future? — Carolyn Fortuna

We at CleanTechnica have been looking at the various 2020 US Democratic candidates for president (here, here, and here) and their funding plans for a clean energy future. We (and they) have learned a lot about what it will take to not only usher in an energy future devoid of fossil fuels but also to pay for such a transition. Maybe it’s time, though, to put at least some of the politics aside and see what economists and researchers out there are saying about investing in clean energy,...

Read More »

Bill Mitchell – Introduction – The Last Colonial Currency: A History of the CFA Franc – Part 2

I have been commissioned to write the Introduction (Preface) to the upcoming book – The Last Colonial Currency: A History of the CFA Franc – by Fanny Pigeaud and Ndongo Samba Sylla, which is an English version of the original 2018 book, L’arme invisible de la Françafrique. It will soon be published by Pluto Press (UK) – as soon as I finish this introduction. The book is incredibly important because it shows the role that currency arrangements play in perpetuating colonial oppression and...

Read More »

Bill Mitchell — Introduction – The Last Colonial Currency: A History of the CFA Franc – Part 1

I have been commissioned to write the Introduction (Preface) to the upcoming book – The Last Colonial Currency: A History of the CFA Franc – by Fanny Pigeaud and Ndongo Samba Sylla, which is an English version of the original 2018 book, L’arme invisible de la Françafrique. It will soon be published by Pluto Press (UK) – as soon as I finish this introduction. The book is incredibly important because it shows the role that currency arrangements play in perpetuating colonial oppression and...

Read More »

The Debt-To-GDP Ratio Does Not Matter: The Fiscal Constraint Debate — Brian Romanchuk

Most debates around Modern Monetary Theory (MMT) revolve around the role of operations and the meaning of the “fiscal constraint”: what are the limits on fiscal policy? (The focus on this one topic is either the result of this being the most interesting topic, and/or critics not being bothered to read anything else in the MMT literature.) These debates are typically uninteresting, because they end up being purely semantic debates, and the two sides actually agreeing on the underlying...

Read More »

Crispin Savage — Visiting economist explodes myths of public deficits

Government deficits are normal and even necessary to the health of most economies – that’s according to one of the world’s most influential economists, Professor Stephanie Kelton, who will be a Visiting Professor at the University of Adelaide this month.Professor Kelton is the Geoff Harcourt Visiting Professor of Economics at the University of Adelaide and Professor of Economics and Public Policy at Stony Brook University, New York. Senior economic adviser to Bernie Sanders’ 2020...

Read More »