Tag Archives: MMT

So the RWER has a whole issue on Modern Money Theory (MMT). I haven't read the whole thing yet (barely started). At nay rate on that later. Whole issue can be downloaded here. Enjoy!

Introduction: Whither MMT? 2The editors Alternative paths to modern money theory 5 L. Randall Wray Initiating a parallel electronic currency in a eurocrisis country – why it would work 23 Trond Andresen An MMT perspective on macroeconomic policy space 32 Phil Armstrong Monetary sovereignty is a spectrum: modern monetary theory and developing countries 46 Bruno Bonizzi, Annina Kaltenbrunner and Jo Michell Are modern monetary theory’s lies “plausible lies”? 62 David Colander...

A look at MMT as a social and political phenomenon that is growing. MMT is no longer "just" an macroeconomic theory as the basis for policy formulation. The ball is rolling.The New RepublicSpreading the Gospel of Modern Monetary Theory Osita Nwanevu

In the last two days, some major leading indicators have been released for the US and Europe, which have suggested the world is heading rather quickly for recession. It seems that the disruptions to global trade arising from the tariff war is impacting on US export orders rather significantly. The so-called ISM New Export Orders Index fell by 2.3 percentage points in September to a low of 41 per cent. The ISM reported that “The index had its lowest reading since March 2009 (39.4 percent)”....

https://www.mmtconference.org

Japan is about to walk the plank again when it follows through on a previous government decision to increase the consumption tax by a further 2 per cent on October 1, 2019. That means it rises from 8 per cent to 10 per cent. The latest fiscal documents suggest the government is hyper-sensitive to the historical experience, which tells us that each time they have fallen prey to the deficit terrorists who have bullied them into believing that their fiscal position is about to collapse,...

Paper has been published as a PERI Working Paper.From the abstract: Functional finance is only one of the elements of Modern Money Theory (MMT). Chartal money, endogenous money and an Employer of Last Resort Program (ELR) or Job Guarantee (JG) are often the other elements. We are here interested fundamentally with the functional finance aspects which are central for any discussion of fiscal policy and have received more attention recently. We discuss both the limitations of functional...

And so, if the youth care more for the environment than they do about money, and if ageing parents care about their money more than they do about their children, then generational looms. However, one possible way to defer this clash involves the oldest trick in the book. And that is more money for everyone; for the GND, for Medicare, Medicaid, Soc Sec, tax cuts. Enter MMT.... Zero HedgeHedge Fund CIO: "Generational Conflict Will Be The Top Theme Of The Coming Decades: Enter MMT"Tyler Durden

As I type this (Sunday), I am heading to Brighton, England from Edinburgh. We had two sessions in Edinburgh yesterday (Saturday) and it was great to share ideas with some really committed people. We had to dodge a Hollywood closure of the streets (‘Fast and Furious 9 had commandeered the inner city to film a car or two swerving out of control or whatever, and I hope the city received heaps for the inconvenience to its citizens. But, with the direction now south, and tomorrow’s two events...

By J.D. ALT Elizabeth Warren has succeeded, I think, in framing an argument as close as anyone is going to get (in the present election cycle) to the progressive position of MMT. Warren acknowledges that she’s proposing goals and undertakings that will “cost” a lot of money. She further acknowledges that everyone asks: “How are you going to pay for it?” And she gives a very specific and simple answer: an “ultra-millionaire tax”—which she details as “two-cents on every dollar of income...