Tag Archives: MMT

One of the shifts I have observed in the last year or so in the way that Modern Monetary Theory (MMT) is being discussed in the public domain and the type of speaking invitations I am receiving is a growing interest from large financial market entities, who have not bought into the visceral, knee-jerk attacks from the populist academic type economists (Krugman, Summers, Rogoff, and all the rest that have jumped on their bandwagon). I spoke at a few workshops some years ago where economists...

John Quiggin looks at at student debt cancellation in terms of opportunity cost and MMT.Crooked TimberOpportunity cost, MMT and public spendingJohn Quiggin | Professor and an Australian Research Council Laureate Fellow at the University of Queensland, and a member of the Board of the Climate Change Authority of the Australian Government

Here’s a comment I wrote and posted several years ago. I’d like to add that I also see the Transition Job policy, along with a 0 rate policy, as what I call the ‘base case for analysis’ of a state currency: “With ‘state currency’There necessarily is,Always has been,Always will be,A buffer stock policy.Call that the MMT insight if you wish. So it comes down to ‘pick one’-1. Gold2. Foreign Exchange3. Unemployment4. Employed/JG/ELR5. WheatWhatever!I pick employed/JG/ELRAs it...

Progress. The author admits that MMT makes sense economically and financially. However, Eric Winograd hopes it won't go mainstream based on expanding the size and role of government. So now it is ideology rather than theory or empirics.equities.comWill Modern Monetary Theory Go Mainstream? Eric Winograd

Stephanie Kelton interviewed. Modeling this is a huge undertaking. The WeekMedicare-for-all has a modeling problem Jeff Spross

While the Europhile progressives are publishing papers and holding talkfests to discuss their latest EU reform proposals, the on-going reality of the European Union continues to reveal itself – the pretense that there is a rule of law operating – as laid out in the Treaties and the idea that all are equal under that law. When I was researching my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale – and over the long period I have studied the concept of European...

MMT.The WEEKThe 1 question journalists should stop asking 2020 Democrats Jeff Spross

This is my Wednesday blog post where I write less or perhaps research the blog post less – both of which save me time to do other things. Today a few snippets. One snippet looks at an article in Marketwatch – What Modern Monetary Theory gets ‘plain wrong,’ according to former IMF chief economist (June 11, 2019). This article should put to rest any claims that the mainstream New Keynesian macroeconomic consensus understands Modern Monetary Theory (MMT) or that MMT is somehow explainable...

Finally, a positive article on the GND and MMT among a barrage of negative ones.The Berkshire EagleEdward Lane: GND and Modern Monetary Policy Edward Lane, ASA, CFP, is an adjunct professor of Finance and Economics, University at Albany (SUNY)

Good read. Explains MMT in terms of its history. Insights — Investment Innovation InstituteMMT – In Conversation with Bill Mitchell Wouter Klijn