Tag Archives: MMT

L. Randall Wray Yesterday Senator Bernie Sanders gave an important speech in which he invoked President Roosevelt’s “second bill of rights” in defense of his platform. As Bernie rightly pointed out, all of Roosevelt’s New Deal social programs to which we have become accustomed, were tagged as “socialism”—just as pundits are branding Bernie’s proposals as dangerous socialist ideas. You can see Bernie’s prepared remarks here. Just before Bernie’s speech, I was asked to do an interview with...

The intensity of the conflict over the Trans-Pacific Partnership (TPP) has died down since last June, after the Administration won its victory in getting Trade Promotion Authority (TPA) through Congress. During the Intervening months, the efforts of the Special Trade Representative (STR) to complete TPP negotiations have continued. At the end of June, the goal was to complete negotiations by August so that the Administration could send the Agreement to Congress in enough time to start the...

Our friends over at RETE in Italy have done it again! They have translated and posted Scott Fullwiler’s works on central banking operations into Italian. For our Italian speaking friends, you can now check out Scott’s translated posts here. [Translate]

After the up and down in front of the change in regulations new purchase apps are, so far, lower than before: Fits with the permit spike/decline story, and there was also this note: The multi-family residential market was negative for the eighth consecutive month – and this might be indicating a slowdown for apartments – or at least less growth. Japan export growth slows sharply, raising fears of recession By Tetsushi KajimotoOct 21 (Reuters) — Japan’s annual export growth slowed for the...

By J.D. ALT I’ve been continuing to work on the book I first proposed here at NEP last spring—The Millennials’ Money—and am getting close now to having it ready for publication. The aspect of it that was least successful (and there were several NEP comments to that effect) was the framing of the “ideology of money scarcity” as having evolved from the particularities of the baby-boomer’s generational experience. That was always a shaky and not-very-insightful argument—and I recently came to...

Books on Post Keynesian economics and Modern Monetary Theory (MMT) appear every year, but over the past 9 years or so – especially after the financial crisis of 2008 – there seems to have been an embarrassment of riches in that many very good introductory and advanced books have appeared.I update below my earlier list of these recent books: Introductory Studies Davidson, Paul. 2009. The Keynes Solution: The Path to Global Economic Prosperity (1st edn). Palgrave Macmillan, New York and...

Bill Mitchell speaks here on MMT as part of reframing the progressive agenda, presented in London on August 27, 2015.[embedded content][embedded content]